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Stan NordFX  
#161 Posted : Monday, November 05, 2018 3:06:11 AM(UTC)
Stan NordFX


Rank: Advanced Member

Groups: Registered
Joined: 3/4/2018(UTC)
Posts: 94
Cyprus

Forex Forecast and Cryptocurrencies Forecast for November 05-09, 2018



First, a review of last week’s forecast:

- EUR/USD. Recall that most experts (55% vs. 45%) voted for further strengthening of the dollar, calling the year's low of 1.1300 recorded on August 15 as the goal. This forecast came completely true, and the pair touched the bottom at this point on the last day of October, which was also facilitated by the optimism of the US President regarding the negotiations with China. True, in contrast to D. Trump, Larry Fink, head of one of the largest BlackRock investment funds, said he expected a full-scale trade war with China in the coming weeks.
The joy of the bulls was short-lived. The market met November with growing thirst for risky investments, which was supplemented by news of progress in the Brexit negotiations. As a result, the pair flew up to the height of 1.1455, after which everyone froze in anticipation of data on the American labor market, which, as we expected, somewhat strengthened the dollar. Thus, the number of new jobs created outside the agricultural sector (NFP) more than doubled (from 118K to 250K), which allowed the dollar to win back about 65 points. As a result, the pair completed the week in the same place where it began, in the zone 1.1390;

- GBP/USD. As the experts expected, the British currency fell in the first half of the week, trying to reach the 2018 low, 1.2660. However, n the November start was turning for this pair as well. On the background of the news on possible signing of an agreement with the EU on Brexit soon, the pound showed an impressive growth, soaring by 340 points. The pair finished the week at 1.2960, in the zone which can be conditionally defined as the Pivot Point of the last three months;

- USD/JPY. The forecast for this pair was also absolutely accurate. Recall that the majority of experts (70%), supported by graphical analysis, voted for the strengthening of the dollar and the growth of the pair. The heights of 112.85 and 113.35 were named as targets. And It all happened. On Tuesday, the pair reached the resistance of 112.85, broke through it and fixed the weekly high at 113.38. After that, there was a retreat to the level of 112.55, and the last chord of the week sounded at the level of 113.20;

- Cryptocurrencies. Our forecast said that in the absence of really important news, the BTC/USD will continue to move in the narrow range of $6,325-6,660 with a predominance of the bearish sentiment. The next support was around $6,100. This scenario was realized with a small tolerance: pushing off from the resistance of 6.550, the pair went to the lower border of the lateral channel 6.320. The bears managed to break through it in the middle of the week, and the bitcoin dropped to the horizon of 6,240, but quickly turned around and climbed to the center of the side channel in the 6.425 zone. This confirmed the assumption that, knocking the rate down to the mining profitability level, the major players are beginning to actively buy coins, as a result of which the quotes are quickly returning to the initial level.
The bitcoin’s fate was repeated by most of the top altcoins: many coins, such as Ethereum (ETH/USD) and Litecoin (LTH/USD), finished the week with a slight, barely noticeable, decrease, while others, like Ripple (XRP/USD), ended the week with a zero result.


As for the forecast for the coming week, summarizing the opinions of a number of analysts, as well as forecasts made on the basis of a variety of methods of technical and graphical analysis, we can say the following:

- EUR/USD. We await two major events that can dramatically affect the fate of all dollar pairs this week. These are the mid-term elections in the USA on November 6 and the Fed's decision on the interest rate on November 8, followed, as usual, by the comment of the head of the Federal Reserve. One can also add to this the falling oil prices, quite unexpected statements by the US President and optimism about the agreement on British withdrawal from the EU, which has a positive effect on quotes not only for the pound, but also for the euro.
On this motley background, most experts (60%), supported by graphical analysis, sided with the European currency, waiting for the pair to rise to the zone 1.1480-1.1525. The nearest resistance is 1.1445.
The opposite point of view is supported by 40% of analysts and the overwhelming number of oscillators and trend indicators on D1. The bears' supporters talk about weak economic indicators of the Eurozone, problems of Italy and expect that the pair will again test the support of 1.1300, and, in case of its breakthrough, will sink to the horizon of 1.1210. The next target is at 1.1100;
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- GBP/USD. In addition to advancing Brexit negotiations, last week's pound growth was supported by the statement from Bank of England CEO Mark Carney that the regulator is ready to raise the interest rate in any event, including even the “complicated Brexit”. This is about raising the rate to 1.5% within three years (previously 1% was mentioned).
However, the positive effect of Carney’s promises was short-lived, and 50% of experts expect the British currency to weaken already this week. In their opinion, the pair should strive again to the low of October 30 in the zone of 1.2700, and then even lower, to the minimum value of August, 1.2660.
An alternative point of view is expressed by 40% of experts. Supported by graphical analysis and almost 90% of oscillators and trend indicators on H4, they have voted for ongoing growth of the pair at least to the height of 1.3100. The next target is 1.3220.
Finally, the remaining 10% of the experts, together with the indicators on D1, have taken a neutral position, waiting for the sideways movement of the pair, basing on the support of 1.2820;

- USD/JPY. On Monday, November 5, a meeting of the monetary policy committee of the Bank of Japan and a speech by the head of Bank Kuroda will take place. However, {1the market doesn't expect any surprises from either of these events. The bulls have a slight advantage (55% vs. 45%) among experts. The overwhelming majority of oscillators and trend indicators on both H4 and D1 are also colored green, although 10% of oscillators on D1 are already giving signals that the pair is overbought. The support levels are 112.55, 111.80 and 110.75, the resistance levels are 114.05 114.55;

- Cryptocurrencies. Despite the fact that the price of the bitcoin and of other top coins has been fluctuating in a fairly narrow range for a long time, it’s too early to say that this market has died. And although the total capitalization is still close to $200 billion, the daily trading volume remains quite impressive, about $4.2 billion. And the number of transactions (250 thousand per day) shows that traders are in no hurry to part with their digital assets.
Of course, there has been no influx of new large investors for a long time, but in the future, we can expect a growth of the quotes. It is expected that such large companies as ICE (the parent company of the NYSE) and Fidelity Investment will launch their trade crypto platforms by the end of the year, which will undoubtedly contribute to an increase in the investment flow. The specialists of such a respected bank as Morgan Stanley are rather optimistic about the future of the crypto market, they have published a relevant research.
In the meantime, on a relatively neutral news background, the forecast remains almost unchanged: the BTC/USD will continue to move in a narrow range of $6,200-6,660 with a predominance of the bearish sentiment. The next resistance is $6,780, the next support is around $6,100.


Roman Butko, NordFX


Notice: These materials should not be deemed a recommendation for investment or guidance for working on financial markets: they are for informative purposes only. Trading on financial markets is risky and can lead to a loss of money deposited.

#eurusd #gbpusd #usdjpy #usdchf #forex #forex_example #signals #forex #cryptocurrencies #bitcoin
Stan NordFX  
#162 Posted : Sunday, November 11, 2018 1:44:15 AM(UTC)
Stan NordFX


Rank: Advanced Member

Groups: Registered
Joined: 3/4/2018(UTC)
Posts: 94
Cyprus

Forex Forecast and Cryptocurrencies Forecast for November 12-16, 2018



First, a review of last week’s forecast:

- EUR/USD. Recall that, when giving the last week's forecast, 60% of experts had expected the euro to grow to the zone 1.1480-1.1525, and turned out to be 100% right: by Wednesday November 7, the pair had risen to the height of 1.1500.
The remaining 40% of analysts had suggested that the pair would still go down and re-test support for 1.1300 against the background of weak economic indicators of the Eurozone and problems with the Italian budget. This script has also been implemented. On Thursday, November 8, the euro began to decline after the report of the European Commission, which lowered its GDP forecast for 2019 from 2.0% to 1.9%. A further fall in the euro and a strengthening of the dollar was facilitated by a press release from the US Federal Reserve, which showed that the US currency was expecting another increase in the interest rate until the end of 2018.
As a result, the dollar has won back 175 points from the euro, groping for a local bottom at the level of 1.1325, followed by a slight rebound, and as a result, the pair froze at 1.1335;

- GBP/USD. The situation with the British pound was similar to the euro last week. Supported by graphical analysis and almost 90% of oscillators and trend indicators on H4, 40% of experts had voted for the continuation of the pair’s growth to 1.3100-1.3220, and on November 7, the pair reached the height of 1.3173. This was followed by a reversal, and, as the bears' supporters had proposed, the pair rushed down to reach the support at the level of 1.2955 on Friday, pushed by the US Federal Reserve comments. It met the end of the weekly session in the zone 1.2970;

- USD/JPY. The dollar strengthened towards the Japanese currency as well. However, the pair did not manage to overcome the key resistance level of 1.1400, and finally finished the week at 113.80, demonstrating a weekly gain of only 60 points;

- Cryptocurrencies. It turns out that the mid-term elections held in the US can be viewed not only as a struggle of Republicans and Democrats, but also as a fight between supporters and opponents of cryptocurrencies. And, judging by the comments, the blockchain supporters won in a number of states. The positive background is complemented by the information that the major American digital companies are actively and successfully creating lobbies to promote their interests in the Senate, Congress and the US government.
As for the negative news one can mention the appeal of the South Korean Bar Association to the government to regulate the crypto-market, as well as accusations from the US Securities Commission (SEC) against the founder of the EtherDelta cryptocurrency exchange Zachary Coburn in illegal activities.
As for the top virtual currencies, as we predicted, most of them reacted calmly to all these pieces of news. Thus, the bitcoin has not only stayed within the specified range of $6,200-6,660, but also narrowed its scope to $6,320-6,610. The altcoins, following the reference cryptocurrency, showed a moderate increase over the week: the Ethereum (ETH/USD) went up 4%, the Litecoin (LTH/USD) 0.5%, the Ripple (XRP/USD) - 8%. The most impressive dynamics was demonstrated by the BCH/USD: the Bitcoin Cash quotes rose from $425 to $570 from the beginning of the month to the evening of November 9, that is, by 34%.


As for the forecast for the coming week, summarizing the opinions of a number of analysts, as well as forecasts made on the basis of a variety of methods of technical and graphical analysis, we can say the following:

- EUR/USD. According to 70% of experts, the Fed's statement will still have some time to influence the strengthening of the dollar. That is why they believe that the pair will not only be able to drop to the year's low of 1.1300, but, in case the economic statistics of the Eurozone are weak and there is positive news from the USA, it will break through this support and reach values in the area of 1.1200-1.1250. Both graphical analysis on H4, and the vast majority of oscillators as well as trend indicators agree with this forecast. However, about 20% of the oscillators on H4 already give signals the pair is oversold, which may be a precursor for a close correction.
30% of analysts also expect a trend reversal up. In their opinion, the dollar is now overvalued, and we can expect the pair to return to the zone 1.1435-1.1525.
This week one should, first of all, pay attention to the data on GDP in the Eurozone and on the inflation in the United States, which will be released on Wednesday, November 14 and Thursday, November 15, and on inflation in the Eurozone on Friday November 16;
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- GBP/USD. Important macroeconomic data is expected next week from the UK. The data on the labor market will be made public on Tuesday, November 13, and the next day data on consumer price inflation will be published, which, according to forecasts, may increase by 0.1%. And the higher its performance, the more likely it is that the interest rate on the British pound will rise.
However, at the moment the majority of analysts (65%), along with graphical analysis on H4 and 90% of indicators, are pessimistic, predicting the “Briton” a further fall. The nearest target is 1.2850, the next one is 1.2810.
An alternative point of view is represented by 40% of experts and 10% of oscillators, signaling the pair is oversold. The targets for growth are 1.3150, 1.3175 and 1.3235. The nearest resistance is 1.3040;

- USD/JPY. The strong dollar has raised the pair to the horizon of 114.00. The expectations of a rise in interest rates by the Bank of Japan are almost close to zero, so 55% of experts, as well as about 60% of indicators on H4 and D1, support bullish sentiment, expecting the pair to continue to grow to resistance levels of 114.55 and 115.40.
At the same time, there is a divergence between the indications of a number of oscillators and the quotes of the pair. In addition, we must bear in mind that the height of 114.55 is the high of 2018, which can be a serious barrier to the further growth of the pair. Therefore, 45% of analysts , together with 40% of indicators and graphical analysis on H4, expect that the pair will be able to return to the support of 113.10 in the near future, and then to the level of 111.75. And as for the medium-term forecast, more than 60% of experts already side with the bears;

- Cryptocurrencies. Quotes of these pairs are still largely determined by the news. But as mentioned above, cryptocurrencies have already developed a fairly strong immunity against the news. Therefore, we should not expect strong jumps in the bitcoin market value yet.
The actions of a number of regulators, such as the SEC, will deter the growth. The CoinDesk website has reported that the fines imposed on Zachary Coburn are only the first signs, further sanctions against a number of crypto exchanges may follow. The vice-premier of Thailand is also thinking of bringing order to the virtual market, as reported by the Bangkok Post.
On the other hand, no major players are interested in the collapse of the main cryptocurrency, and the lower limit of volatility is still determined by the mining profitability level. When it is reached, the active buying up of coins begins, and the quotes are going up.
Therefore, the forecast remains almost unchanged for the second month: the BTC/USD will continue to move in a narrow range of $6,200-6,660. The next resistance is $6,780, the next support is around $6,100.


Roman Butko, NordFX


Notice: These materials should not be deemed a recommendation for investment or guidance for working on financial markets: they are for informative purposes only. Trading on financial markets is risky and can lead to a loss of money deposited.

#eurusd #gbpusd #usdjpy #usdchf #forex #forex_example #signals #forex #cryptocurrencies #bitcoin
Stan NordFX  
#163 Posted : Sunday, November 18, 2018 2:23:54 AM(UTC)
Stan NordFX


Rank: Advanced Member

Groups: Registered
Joined: 3/4/2018(UTC)
Posts: 94
Cyprus

Forex Forecast and Cryptocurrencies Forecast for November 19-23, 2018



First, a review of last week’s forecast:

- EUR/USD. The basic forecast for this pair said that it would not only be able to fall to the year's low at the level of 1.1300 but would also probably break through this support and reach values in the area of 1.1200-1.1250. That was exactly what happened: the pair recorded the week's low on Monday, November 12, dropping to the level of 1.1215.
Then the market started to be ruled by Brexit. The news that the terms for the Great Britain exit of from the EU were finally agreed, pushed the European currency up, and by the end of Friday the pair had risen 200 points, ending the week session at 1.1415;

- GBP/USD. The British currency first began to grow on the positive news about Brexit, and even reached a height of 1.3070 on Wednesday. But then came the news of the resignation of a number of key ministers of the British government, who disagreed with the EU exit terms. The situation was aggravated by the rumors of a possible impeachment threatening the country's prime-minister, Teresa May. As a result, the pound sterling literally fell down in a matter of hours dropping to the level of 1.2722. Then the situation calmed down a bit, and the pair rose to the zone of 1.2830, showing a week's volatility of 350 points;

- USD/JPY. The divergence between the readings of the oscillators and the pair's quotes indicated the possibility of a downward trend. This scenario had also been supported by 45% of analysts, together with 40% of indicators and graphical analysis on H4. As a result, when there were only 35 points left to the 2018 high, the pair turned south, easily overcame the support at 113.10 and finished the five-day period at 112.82;

- Cryptocurrencies. What can one say? The market has collapsed. And it has done so to an extent that no one expected. Starting from Wednesday, it lost about 12% in capitalization, falling to $185 billion. We had called $6,100 as the lower limit of Bitcoin's fall last week. In reality, things turned out to be much worse: $5,430.
There is no unity among the experts when determining the cause of what had happened. The most popular version is the destabilizing effect of a hard fork (separation) of BCH (Bitcoin Cash) to two new coins, which frightened investors for further splitting the market. Although there is another version, no less viable, it is the massive triggering of stop losses when Bitcoin passed the $6,000-6,100 zone. Another reason is the sale off of US technology companies shares, which spread to the crypto market.
Ethereum (the ETH/USD pair) failed to break through the support of $170, followed by a rebound to the level of $185. Ripple (XRP/USD) briefly approached the horizon of 0.4140, and litecoin (LTH/USD) came close to 40.00, after which the market calmed down a bit, and these pairs played back about 8%.


As for the forecast for the coming week, summarizing the opinions of a number of analysts, as well as forecasts made on the basis of a variety of methods of technical and graphical analysis, we can say the following:

- EUR/USD. The pair reached the upper limit of the downward channel, which began almost two months ago, on September 24 this year. And despite the fact that both trend indicators and oscillators on D1 took a neutral position, about 70% of experts predict the pair to bounce from this border and to further go down. The nearest support is at 1.1300, the next one is 85 points lower, at the level of 2018 low, 1.1215.
An alternative scenario assumes the rise of the pair to the level 1.1450-1.1550. However, this is likely to be a temporary correction, after which the dollar will continue to grow and the pair will fall. The market is almost certain that in December the US Federal Reserve will raise the interest rate, after which there will be several more increases in 2019, which is a decisive factor for the further strengthening of the US currency;
UserPostedImage


- GBP/USD. The future of this pair depends on the situation with Brexit. And the forecasts for the British currency are not the most comforting, despite the fact that the pound managed to play back its losses a little at the end of last week. A meeting of EU leaders on an agreement with the UK will be convened on November 25. But it is obvious that this week the pound will continue to be under pressure due to disagreements in the British government and to an unclear reaction of the British Parliament to what is happening. Taking these factors into consideration, 70% of analysts expect the pair to fall. The nearest support is in the 1.2700 zone, the next one is the 2018 low. at the level of 1.2660.
As for the further movement of the pair, according to 55% of experts, it will move in the side channel in the range of 1.2660-1.3200 with Pivot Point in the area of 1.2950 until the end of the year;

- USD/JPY. Concerning the future of this pair, the opinions of experts, as has often been the case lately, have split almost equally: 45% voted for the pair’s growth, 45% - for its fall, and 10% took a neutral position.
As for the indicators, the vast majority is colored red. However, almost 15% of the oscillators signal that the pair is oversold, which may indicate its upward correction.
As for the graphical analysis, it points to the growth to the level of 113.10 and the subsequent fall to the level of 111.85 on H4, and on D1 - a lateral movement in the channel 112.65-114.20;

- Cryptocurrencies. At the moment there are two versions of the forecast: a neutral one and ... a very bad one.
The neutral forecast is most likely, when the market takes time out, trying to comprehend what happened last week and what consequences this may have. In this case, the top pairs will fluctuate in the range between the lows of the previous week and the highs of Friday, November 16.
The worst (from the bulls' point of view) scenario assumes that Bitcoin will move to the level of $5,000, after the breakdown of which, most likely, massive panic sales will begin, not only of the reference cryptocurrency, but also of most altcoins. In this case, it is possible that after some time we will see the bitcoin quotes around the support of $3,000.


Roman Butko, NordFX


Notice: These materials should not be deemed a recommendation for investment or guidance for working on financial markets: they are for informative purposes only. Trading on financial markets is risky and can lead to a loss of money deposited.

#eurusd #gbpusd #usdjpy #usdchf #forex #forex_example #signals #forex #cryptocurrencies #bitcoin
Stan NordFX  
#164 Posted : Saturday, November 24, 2018 3:38:38 AM(UTC)
Stan NordFX


Rank: Advanced Member

Groups: Registered
Joined: 3/4/2018(UTC)
Posts: 94
Cyprus

Forex Forecast and Cryptocurrencies Forecast for November 26-30, 2018



First, a review of last week’s forecast:

- EUR/USD. If you look at the chart of the pair, it is clear that by the evening of Friday, November 23, it returned to the values of Friday morning, November 16. That is, the result of the week is close to zero, and the victory for the most accurate forecast can be awarded to trend indicators and oscillators on D1, which had taken a neutral position.
As for the experts, a third of them had predicted the continuation of the pair’s correction up to the level of 1.1450-1.1550 (actual maximum of the week is 1.1470), with the subsequent return of the dollar to growth. This actually did happen, as a result, the pair ended the week at 1.1330;

- GBP/USD. The result of last week for this pair is similar to the result of EUR/USD, that is, close to zero. On Thursday, when it became known that the European Commission had approved the political declaration on Brexit, it seemed that the pound had a chance to reverse the negative situation. It soared 150 points to the height of 1.2925. But the joy of the British currency holders was short-lived, and the pair met the end of the five-day period in the 1.2810 zone;

- USD/JPY. Regarding the future of this pair, the opinions of experts had been divided almost equally: 45% had voted for the pair to fall, 45% had voted for its growth, and 10% had taken a neutral position. And they all turned out to be right: the pair was falling in the first half of the week, then it was growing, and it showed a zero result by the end of the session, returning to Pivot Point in the 112.90 zone. As for the support/resistance levels, graphical analysis was most accurate here: it marked the upper limit of the channel at 113.10 on H4 (the pair rose to 113.14), and a fall to 112.65 on D1 (the weekly minimum was fixed at 112.30);

- As for cryptocurrencies, there were two versions of the forecast, a neutral one and ... a very bad one. Naturally, the second one came true. Panic moods from the hard forks (division) of BCH (Bitcoin Cash) to two new coins continued to put pressure on the market. As a result, the bitcoin flew further down, reaching the values of September last year in the $4,210-4,250 zone, and pulled other cryptocurrencies with it: the TOP-5 index lost more than 500 points, or about 25% during the week.


As for the forecast for the coming week, summarizing the opinions of a number of analysts, as well as forecasts made on the basis of a variety of methods of technical and graphical analysis, we can say the following:

- EUR/USD. The most important event that can seriously affect the quotes of both the euro, and the British pound, will be the extraordinary Summit of European leaders on Brexit, which will be held November 25-26. In case its results are positive, the pair may return to November highs of 1.1470 and 1.1500. However, less than half of the experts agree with this scenario, 40%.
As for the remaining 60%, they continue to insist the dollar will strengthen. On Wednesday, November 28, the market is expecting data on the US GDP for the 3rd quarter, and if they turn out to be better than in the 2nd quarter, this will give the American currency a strong support. You should also pay attention to the minutes of the US Federal Reserve meeting on Thursday, November 29, although no special surprises are expected from it.
The targets for the bears are 1.1300 and the 2018 low of 1.1215, in the case of a breakdown of which the path to support 1.1120 is opened.
If we talk about indicators, about 15% of the oscillators on H4 indicate that the pair is oversold, which may portend a short-term correction;

- GBP/USD. Almost 100% of the indicators are painted red. But future trends are not determined by them at all. The decisions of the EU Brexit Summit are, of course, very important for the pound. But it faces an even more serious test: the deal on the terms for the British exit from the European Union has yet to be approved by the British Parliament. And there are many chances that the parliamentarians will vote against the deal. In this case, a second vote will be required, which may be scheduled for February, and up to this point investors will be wary of the pound.
In the meantime, expert opinions are equally divided: half of them are for the growth of the pair, half are for its fall. The nearest support levels are 1.2720 1.2695, 1.2660, the resistance levels are 1.2885, 1.2925 and 1.3025;

- USD/JPY. The Japanese currency often goes counter-trend to its European counterparts: when the euro and the pound fall against the dollar, the yen rises. It is this perspective that is drawn by analysts for the next week. 55% of them, supported by 90% of oscillators and 70% of trend indicators, vote for the fall of the pair first to support 112.60, and then 30 points lower. It is possible that the pair will be able to successfully test the level of 112.00.
The alternative scenario is supported by 45% of experts, graphical analysis on D1 and 10% of oscillators, signaling the pair is oversold. The targets of the bulls are zones 113.15-113.40 and 114.20-114.55.
UserPostedImage


- Cryptocurrencies. Most likely, the negative trend in the market will continue, and the bitcoin will try to break through the level of $4,000. The next target is 1,000 points lower. Another vulnerability was found in smart contracts based on ethereum, and the ETH/USD pair may fall to the most important psychological level of $100. The target for the litecoin (LTC/USD) is to consolidate below $30, and for the ripple (XRP/USD) - below $0.40.
As for the good news for crypto bulls, there is divergence between the quotes of Bitcoin and the readings of many oscillators, which indicates a possible upward correction. However, according to most experts, this correction will be short-term.


Roman Butko, NordFX


Notice: These materials should not be deemed a recommendation for investment or guidance for working on financial markets: they are for informative purposes only. Trading on financial markets is risky and can lead to a loss of money deposited.

#eurusd #gbpusd #usdjpy #usdchf #forex #forex_example #signals #forex #cryptocurrencies #bitcoin
Stan NordFX  
#165 Posted : Friday, November 30, 2018 3:05:54 AM(UTC)
Stan NordFX


Rank: Advanced Member

Groups: Registered
Joined: 3/4/2018(UTC)
Posts: 94
Cyprus

NORD FX Offers Investments in Most Reliable and Profitable Shares of Major Global Brands



Starting from mid-November, NordFX clients enjoy another opportunity for portfolio investments in stocks of major global companies. The three investment funds, Pro-Industry Fund, Pro-Tech Fund and Pro-Expert Fund, include stocks with highest reliability and best prospects for growth.

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The unique advantage of these funds is the low entrance threshold, which allows investors who have even small amounts to enjoy all the benefits of professional asset management.

Absolute transparency and freedom of funds disposal give the investor full control over what is going on. The client may deposit and withdraw funds at any time at his request, and the participation of managers allows you to receive the maximum possible profit from this investment.

Pro-Industry Fund
- Investment amount from $1000
- Expected yield up to 27% per year
- Investment period: from 6 months to 1 year
- This fund includes shares of such world industrial giants as Motorola, Nike, Ferrari, Boeing, Coca-Cola, HP INC, McDonald's, etc.

Pro-Tech Fund
- Investment amount from $3000
- Expected yield up to 40.9% per year
- Investment period: from 3 months to 1 year
This fund includes shares of high-tech leaders with best performance in the industry. These are companies such as Apple, Microsoft, Intel, Alibaba, Adobe Systems, Nvidia, etc.

Pro-Expert Fund
- Investment amount from $5000
- Expected yield up to 57% per year
- Investment period: from 3 months to 1 year
- Shares of major representatives of various industries, with greatest reliability and potential for growth are collected in this fund. These are shares of Amazon, Netflix, MasterCard, Visa, Google, Facebook, PayPal, etc.

In addition to investing in the funds mentioned above, at the request of the client, NordFX specialists can make an individual portfolio for the client or purchase shares of individual listed companies.

More information about the investment offers of NordFX can be found at company site or by contacting the company's Support Service.
Stan NordFX  
#166 Posted : Saturday, December 01, 2018 10:18:42 PM(UTC)
Stan NordFX


Rank: Advanced Member

Groups: Registered
Joined: 3/4/2018(UTC)
Posts: 94
Cyprus

Forex Forecast and Cryptocurrencies Forecast for December 03-07, 2018



First, a review of last week’s forecast:

- EUR/USD. The first good news that pushed the euro up, as expected, was the extraordinary Summit of European leaders on Brexit. Its positive results allowed the European currency to rise to the level of 1.1383 on Monday, November 26, after which the power over the market was seized by the dollar once again.
By Wednesday, the pair began to approach the 2018 low and fell to the level of 1.1255, but then the head of the Federal Reserve Jerome Powell, speaking at the New York Economic Club, suddenly declared that the interest rates on the dollar were only slightly below the neutral level!
Back in October, the same person had said that the rate was far enough from this level, and a month later, it was almost at the “zero” level, at which the economy neither accelerates nor slows down. Such a speech alerted the market a little, as a result of which the Euro-bulls were able to push the pair up again: this time to the height of 1.1400. But then not so much positive statistics on the Eurozone economy were published, and the pair went down again. As a result, the total of the week can be characterized by the short word “zero”: the pair completed it almost in the same place where it started;

- GBP/USD. The intra weekly trends of this pair are similar to those demonstrated by the EUR/USD pair. But the distrust in the pound, caused by the fears that the British Parliament may not approve the agreement on Brexit, played a role. As a result, the finish of the pair was slightly lower than the start level and, if at the beginning of the week the pound was at around 1.2810, it finished the week at the level of 1.2750;

- USD/JPY. Regarding the future of this pair, the opinions of experts were almost equally divided. A small margin (55%) was on the side of the bears, but when summing up the week it becomes obvious that the bulls won a victory, albeit a very small one. The pair was able to rise by about 60 points during the week, having frozen at around 113.50;

- Cryptocurrencies. The forecast for this market was negative, and it was 100% justified: over 80% of all coins, followed the bitcoin, having gone into a deep minus. The intrigue was only in how low the reference cryptocurrency would be able to fall together with other coins during that week.
Our forecast said that the BTC/USD pair was likely to break through the level of $4,000. And it indeed dropped to $3,660, returning to $4,000 on Friday. Ethereum (ETH/USD) was seen at the horizon $102.6. The litecoin (LTC/USD) fell to $24.2 at some exchanges, and the ripple (XRP/USD) below $0.33.


As for the forecast for the coming week, summarizing the opinions of a number of analysts, as well as forecasts made on the basis of a variety of methods of technical and graphical analysis, we can say the following:

- EUR/USD. If you look at the graph, it is clear that in November the pair drew a “pennant” striving to consolidate around 1.1315-1.1350. As for its further movement, most experts (60%) and more than 90% of the indicators on H4 on D1 expect further strengthening of the dollar and new testing of the 2018 low, 1.1215.
In addition to the results of the G20 summit, the next statements of the Federal Reserve Head J. Powell on Wednesday, December 05 and Friday, December 7, as well as the publication of regular data on the US labor market at the very end of the week may affect the formation of trends. According to forecasts, NFP may fall by 15-20% compared to the previous value, which may somewhat weaken the US currency. And here it should be noted that in the monthly forecast, 60% of analysts are already siding with the bulls, waiting for the pair to return to the zone 1.1400-1.1500;
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- GBP/USD. The pair is near the year lows zone at the moment, 1.2670-1.2695, and graphical analysis on H4, supported by more than 90% of trend indicators and oscillators, predicts their breakdown and a quick fall to the 1.2600-1.2620 zone.
But the experts' opinion is not at all as clear: it is only 55% who side with the bears. And 45% are confident that the pair will not be able to renew the lows, and it will go north towards the height of 1.2900;

- USD/JPY. Although we would like to give a clear forecast, there are no pronounced preferences among experts for the Japanese currency either: exactly half of them have voted for the pair's growth, and exactly half are for its fall. Everyone is waiting for the results of the G20, and here the forecasts are also quite ambiguous.
The indicators also behave accordingly, although most of them are colored green. As for the graphical analysis, it envisages first the growth of the pair to the level of 114.20-114.40, and then its fall, first to the support of 113.00, and then to 111.75.
In a situation of such uncertainty, it is always useful to refer to a longer-term forecast. And here, 65% of analysts, following the graphical analysis, expect the yen to strengthen and the pair to fall to 112.00;

- Cryptocurrencies. The situation with forecasts for cryptocurrencies is complicated by the fact that it is almost impossible to estimate their real value. They are so virtual that estimates can be differ tens, hundreds or even thousands of times. It is not particularly worth it to focus on the miners' costs either, as they do not do any useful work and do not produce any material values or benefits. They only spend their time, money and electricity.
Experts' forecasts look as follows at the moment: 60% expect the bitcoin to continue falling to $3,000, 30% hope that it will stay in the $4,000-4,500 range, and 10% of super optimists convince the rest that these are all the machinations of major players who, having bought cheap coins, will soon begin to push the market up.
However, optimism is quickly melting, if you listen to the words of the Nvidia founder and CEO Jensen Huan. The head of the largest manufacturer of processors for mining has admitted that they had misjudged the prospects of the crypto market, and now his company is betting on the GPU for computing using artificial intelligence and use in unmanned vehicles.


Roman Butko, NordFX


Notice: These materials should not be deemed a recommendation for investment or guidance for working on financial markets: they are for informative purposes only. Trading on financial markets is risky and can lead to a loss of money deposited.

#eurusd #gbpusd #usdjpy #usdchf #forex #forex_example #signals #forex #cryptocurrencies #bitcoin
Stan NordFX  
#167 Posted : Sunday, December 09, 2018 1:25:27 AM(UTC)
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Forex Forecast and Cryptocurrencies Forecast for December 10-14, 2018



First, a review of last week’s forecast:

- EUR/USD. Our forecast for relatively weak labor market data turned out to be 100% correct. ADP and ISM in the service sector were not pleasing either, and one of the key indicators, NonFarm Payrolls, fell from 237K to 155K, that is, by as much as 35%.
The forecast regarding consolidation of the pair in the area of 1.1350 turned out to be correct as well: last week it switched to lateral movement in channel 1.1310-1.1415 with Pivot Point in the area 1.1350-1.1360.
The difference between the weekly high and low barely exceeded 100 points, although it seemed that there were quite a lot of important events during these days. These are the above-mentioned statistics on the US labor market, supplemented by a decrease in the country's GDP, and the OPEC meeting and Iran’s petroleum statement, and the arrest by the US law enforcement agencies of the financial director of Huawei Meng Wanzhou... But the pair reacted quite calmly to all this. The reason for this seems to be only one: the approach of Christmas, the time when the sharks of the market sum up their annual results and no longer want to make any sudden movements;

- GBP/USD. This pair also behaved quite calmly, although with a slightly higher volatility: the swing of oscillations was about 180 points. The expected fall to 1.2600-1.2620 did not take place, and the pair, barely reaching 1.2655, turned around and left for Pivot Point of the week, ending the five-day period at 1.2725;

- USD/JPY. Last week, expert opinions were equally divided: one half voted for the pair’s growth, the second one was for its fall. In this situation, we advised to move from weekly to longer-term forecast, and we were right. Here, the picture was already different: most analysts (65%), supported by graphical analysis, expected the yen to strengthen and the pair to decline to the 112.00 zone. This was what happened: having won back the losses of the previous two weeks, it reached the level of 112.20. The pair met the end of the trading session at the level of 112. 70, that is, in the same place where it was already trading in the middle of November;

- Cryptocurrencies. There’s really nothing to say: the graphs vividly confirm that the worst predictions are coming true. 60% of experts predicted a further drop in Bitcoin, and on Friday evening, it recorded another annual low at around $3,275, having lost another 16% in seven days. Following the “reference” (now in quotes) cryptocurrency, the altcoins fell further down. Ethereum (ETH/USD) fell by 24% during the week, Litecoin (LTC/USD) - by 26%, and Ripple (XRP / USD) - by 18%.
According to Ernst & Young, 86% of all coins are now trading significantly lower than the originally declared value, and the crypto market capitalization fell to $113 billion, having lost exactly 700 billion in 11 months (86%).


As for the forecast for the coming week, summarizing the opinions of a number of analysts, as well as forecasts made on the basis of a variety of methods of technical and graphical analysis, we can say the following:

- EUR/USD. As has already been mentioned, it is time for the market to record annual profits. Or losses (it depends). However, the coming week is expected to see a number of macroeconomic data, which may still affect the change in quotations.
Thus, on Wednesday, December 12, there will be data on inflation in the United States, and the higher it turns out, the higher the likelihood of interest rate increases, the better the dollar will feel. In the meantime, judging by the futures, players and investors do not particularly expect that the Fed will raise rates in March next year.
On Thursday, December 13, a decision is expected on the interest rate in the Eurozone. Most likely, nothing will change, and the rate will remain at zero, so more attention should be paid to the subsequent press conference of the ECB President Mario Draghi.
On Friday, we expect statistics on retail sales in the United States. And, of course, the market will closely watch the reports from the theater of operations of the American-Chinese trade war throughout the whole week. Another aggravation in this conflict was caused by the arrest of Huawei's CFO, and everyone is waiting to see what President Trump does in this situation.
In the meantime, the overwhelming majority of experts and indicators have taken a neutral position. The bulls have a very small advantage, calling the area 1.1500-1.1550 as their target. Supports are at levels 1.1265 and 1.1215. The basic forecast almost repeats the scenario of the past week: the movement in channel 1.1310-1.1415;

- GBP/USD. Here, analysts' forecast is similar to what has been given for EUR/USD: the advantage of the bulls is only 5%. But almost 90% of trend indicators and 70% of oscillators are colored red. The formation of trends may be affected by the data on the UK GDP, which will be released on Monday December 10, and the data on average wages on Tuesday December 11. But of interest is the vote on Brexit in the British Parliament, which will take place at the same time, on Tuesday. Recall that, according to forecasts, the parliamentarians may not approve the Agreement on the terms for leaving the EU, and then a second vote will be scheduled for February 2019, which will play against the pound. The support levels are 1.2660, 1.2540 and 1.2500, the resistance levels are 1.2810, 1.2850, 1.29250;

- USD/JPY. On Monday, December 10, statistics on Japan’s GDP will be published and, strictly speaking, these are the only data from the country of the Rising Sun that may affect the pair’s quotes. Investors pay much more attention to the trade war between China and the United States and the use of the yen as a safe haven currency. That is why most experts (65%), with the support of trend indicators, vote for the strengthening of the Japanese currency and the reduction of the pair to at least 112.20 support. The next support is on horizon 111.75, then 110.85. As for the resistances, they are in the zones 113.20, 113.65 and 114.00.
Graphical analysis also indicates a fall of the pair. However, on H4 it assumes that at first it will rise to the height of 113.10, only then it will turn to the south.
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- Cryptocurrencies. The states increasingly clamp the market which had initially been decentralized, in the grip of regulation, which creates an additional negative news background. This is what the crypto community is expecting soon:
In South Korea, a tax on income from operations with cryptocurrency is planned to be introduced; in Japan, in addition to the state registration of all ICOs, crypto exchanges will be obliged, upon request of the tax authorities, to disclose information on customer incomes; in Singapore, all ICO market participants must now obtain a license and take measures to combat money laundering; Switzerland is also planning a number of legislative amendments. And so on.
It is highly likely that, recognizing the benefits and possibilities of blockchain, many states intend to put an end to the current crypto freedom and begin to issue their own digital money (which Honduras and Iran have already taken up). But this is not a one-day deal.
In the meantime, analysts' opinions are distributed as follows: 65% expect a further fall to $2,500-3,000, 25% have voted for the side trend along the $3,000 horizon and 10%, as before, remain optimistic, expecting Bitcoin to return to the levels of $4,000-5,000 in the medium term.


Roman Butko, NordFX


Notice: These materials should not be deemed a recommendation for investment or guidance for working on financial markets: they are for informative purposes only. Trading on financial markets is risky and can lead to a loss of money deposited.

#eurusd #gbpusd #usdjpy #usdchf #forex #forex_example #signals #forex #cryptocurrencies #bitcoin
Stan NordFX  
#168 Posted : Tuesday, December 11, 2018 12:04:31 AM(UTC)
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At Traders Fair-2018, NordFX Presents the Latest Developments for Working in Forex, Crypto and Stock Markets



At the end of November 2018, a specialized Forex exhibition organized by FinExpo was held in the largest city of Vietnam, Ho Chi Minh City. It gathered more than a thousand guests and participants. NordFX took part in this large-scale event, presenting at its booth a wide range of products for both traders and investors.

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In addition to traditional services for trading on the Forex market, NordFX specialists presented the latest developments for professional exchange trading in cryptocurrencies and crypto indexes using the MetaTrader 4 and 5 platforms, as well as ample opportunities to invest in the company's specialized Investment Funds.
Three of these funds include shares of world industry leaders, including Amazon, Nike, Boeing, Coca-Cola, McDonald's, Apple, Microsoft, Intel, MasterCard, Visa, Google, Facebook and many others. In addition to highest reliability and growth prospects, these funds have a low entry threshold, which allows NordFX clients, having even small amounts, to take full advantage of portfolio investments and professional asset management.

In order to familiarize Vietnamese traders with the company's products in more detail, a seminar was held after the expo, where a lot of attention was paid to the RAMM – service, a unique trading signal copying platform that allows you to automatically control the level of acceptable risk.

In addition to these events, a number of meetings were held in Ho Chi Minh City with current and potential IB-partners of NordFX, whose participants were able to get acquainted with the benefits of a two-tier affiliate program, as well as discuss ways to further develop the company.

#nordfx #cryptocurrency #ramm #exchange #broker #funds
Stan NordFX  
#169 Posted : Monday, December 17, 2018 1:52:24 AM(UTC)
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Forex Forecast and Cryptocurrencies Forecast for December 17-21, 2018



First, a review of last week’s forecast:

- EUR/USD. If the basic forecast for the past week had assumed a lateral movement in channel 1.1310-1.1415, the meeting of the European Central Bank and the subsequent conference of the ECB President Mario Draghi were called as the basic event. The ECB made a long-promised decision on January 1, 2019 to complete the quantitative easing program, and Draghi demotivated investors with a statement of increased risks. Based on this, the forecasts of the region’s economic growth for 2018-19 were lowered, to which the euro responded with a fall, but still remained within the limits of the stated channel.
The key support 1.1300 was broken already on Friday, December 14, when the Bundesbank lowered its forecasts for Germany's GDP and inflation. The regulator now expects that the growth of the economy in the outgoing year will not be 2.0%, as previously assumed, but only 1.5%. As for the 2019, the forecast here was lowered from 1.9% to 1.6%. The gloomy business performance indicators finally disappointed the market, and the pair went down sharply, reaching the local bottom at 1.1270. After that, a small rebound followed, returning it to the level of 1.1300, which turned from support to resistance;

- GBP/USD. Pound is still ruled by Brexit. As expected, the vote in the British Parliament on the terms of a divorce from the EU didn't have a result. It was just canceled. As a result, by Wednesday, December 12, the pair dropped to the level of 1.2474, having lost 285 points compared to the beginning of the week. As for the end of the five-day week, it found itself near the mark of 1.25 85;

- USD/JPY. Last week, 45% of experts voted for the pair's growth, and 113.20, 113.65 and 114.00 were indicated as resistance levels. The truth, as often happens, was in the middle, and the weekly high was noted at the height of 113.70. The final chord of the week sounded at the level of 113.35;

- Cryptocurrencies. The news background in recent days has been quite blurred, and positive news alternated with negative news. Among the events that are encouraging are the possible release of the Japanese crypto exchange Coincheck to the US market, the record for Bitcoin analogue ETF demand in Switzerland, and the news that the embedded Ethereum wallet will appear in the Opera browser. A balance to these was the news that for the first time in history, the Securities and Exchange Commission (SEC) of the United States fined the cryptocurrency bank AriseBank because of fraud allegations. The bulls were also frustrated by the news that due to the unfavorable situation in the cryptocurrency market, the mining giant Bitmain is closing its unit in Israel.
Against such a background, Bitcoin was growing and falling, and as a result, on the evening of Friday, December 14, it turned out to be where it had been a week ago, and even updated the low of the entire 2018, falling to the level of $3.225.
As for the basic altcoins, such as Ethereum (ETH / USD), Litecoin (LTC / USD) and Ripple (XRP / USD), they obediently repeated the movements of the reference cryptocurrency all week.


As for the forecast for the coming week, summarizing the opinions of a number of analysts, as well as forecasts made on the basis of a variety of methods of technical and graphical analysis, we can say the following:

- EUR/USD. The color here is red. It is almost an unprecedented case: 100% of the oscillators and 100% of the indicators on H4 and D1 are painted exactly in this color. 70% of experts also vote for the growth of the dollar and the fall of the pair. The reason for this is interest rates.
The likelihood that the Fed will announce a rate increase from 2.25% to 2.5% on Wednesday December 19 is over 75%. In addition, the market is confidently expecting one or two more increases next year. As for the growth of the euro rates, there is a complete uncertainty here. Draghi promised to keep the rate at zero level until the summer of 2019. But this summer rise is a big question. So, most investors are now looking south, to the zone of the year low, which was recorded on November 12, 1.1215. That it is the main goal for the pair. The nearest support is 1.1265;
The alternative scenario is supported by 30% of analysts and graphical analysis on D1. In the event the developments are according to their scenario, the pair will once again rise above the strong support/resistance level of 1.1300 and can even reach Pivot Point of the three-week side channel of 1.1360. The following targets are 1.1400 and 1.1440;
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- GBP/USD. The British currency is facing a lot of events next week. On Wednesday, December 19, a block of inflation data will be published. And even if the inflation grows, the market may consider that such an increase is due to the weakening of the pound because of Brexit. The next day, the Bank of England will announce the interest rate decision, which is likely to remain unchanged, which will also play against the pound. Data on the GDP growth rates on Friday is unlikely to seriously affect the overall dynamics of the British currency. And they are negative.
50% of experts and about 90% of indicators agree with this. According to their forecast, the pair may decline first to the horizon of 1.2475, and then another 75 points lower.
20% of analysts have taken a neutral position, and the remaining 30% have voted for the pair's growth to the zone of 1.2670-1.2700;

- USD/JPY. Regarding the future of this pair, the indicators do not give any clear guidelines: their readings are divided almost equally. The same applies to the expert opinions: 45% of them are for the fall of the pair, 50% are for the continuation of growth and 5% just shake their shoulders. Such uncertainty becomes clear if you look at the pair's chart, which is now located approximately in the middle of the six-week side channel 112.30-114.00.
The meeting of the Bank of Japan is unlikely to affect the quotes of the pair, and the only event that could seriously move it up is the already mentioned decision of the US Federal Reserve on the interest rate. In this case, according to many analysts, the pair can break through the upper boundary of the channel and reach the zone of 114.55-114.75.
The graphical analysis on D1 has taken a sharply opposite position, which predicts the pair to fall to support 112.20 and then to the level 111.75;

- cryptocurrency. 60% of experts expect Bitcoin to continue the downtrend to the strong zone, fixed in July-August 2018, $2,500-2,700. The nearest support is in the $2,940-2.050 zone. In addition to the overall negative dynamics, the experience of the past year also plays in favor of bears, when at the end of December many wallet owners wanted to transfer their crypto savings to fiat currencies.
On the other hand, when analyzing the futures, one can see a slight increase (about 10%) of bullish positions, which gives grounds for 20% of analysts to talk about the pair going to the side trend, and another 20% to be filled with optimism in anticipation of the trend reversal and the rise of the pair to 4,500.


Roman Butko, NordFX


Notice: These materials should not be deemed a recommendation for investment or guidance for working on financial markets: they are for informative purposes only. Trading on financial markets is risky and can lead to a loss of money deposited.

#eurusd #gbpusd #usdjpy #usdchf #forex #forex_example #signals #forex #cryptocurrencies #bitcoin
Stan NordFX  
#170 Posted : Sunday, December 23, 2018 2:06:39 AM(UTC)
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Forex Forecast and Cryptocurrencies Forecast for December 24-28, 2018



First, a review of last week’s forecast:

- EUR/USD. Despite the fact that, on the eve of the US Federal Reserve interest rate increase, 70% of experts, supported by 100% indicators, expected the dollar to strengthen, nothing of the kind happened. The euro was growing for the whole week, approaching on Thursday the last eight weeks' high at the height of 1.1485.
At the time the rate increase from 2.25% to 2.5% was announced, the dollar managed to win back a modest 85 points, but this victory turned out to be temporary. At his press conference, Fed Chairman Jerome Powell said that there would hardly be three rates increases in 2019, and that, in a better case, there would be only two. And according to US Secretary of the Treasury Stephen Mnuchin, if inflation remains low, there may be no rate increases next year. But no one expects unity within the team of President Trump and the Fed, or within the Fed either. In 2019, only two FOMC members see the rate at 2.5%, six at 2.75%, four at 3.25%, three at 3.30%, and two members of the Open Market Operations Committee would like it to be 3.6%!
As for the results of the week, after the release on Friday, December 21, of a whole package of data on the US economy, the pair returned to the central zone of the eight-month side channel and stopped at 1.1370;

- GBP/USD. As expected, neither the economic data published on Wednesday nor the decisions of the Bank of England on Thursday presented any surprises. Back on Tuesday, December 18, the pair moved to lateral movement in channel 1.2605-1.2705, where it remained until the end of the week, having met its finish at 1.2630;

- USD/JPY. Last week, the US dollar dropped significantly, not only against the euro. The DXY U.S. Dollar Index, which tracks the US currency against a basket of other major currencies, fell on Thursday to an eight-week low of 95.73. Its fall against the Japanese yen was particularly impressive, the yen won around 260 points against the dollar by Thursday. Experts say that the main reasons for such a jump are sales on the stock markets and the flight of investors to the yen as a safe haven in the face of continuing tensions in trade relations between the United States and China.

- Cryptocurrencies. The past week was marked by a steady growth of both the reference cryptocurrency and all major altcoins. The maximum growth of bitcoin (BTC/USD) was 33%, ethereum (ETH/USD) - 46%, litecoin (LTC/USD) - 45%, ripple (XRP/USD) - 41%. The most impressive increase, by 176%, was demonstrated by the Bitcoin Cash (BCH/USD), reaching $220 per coin at the peak. The total capitalization of the crypto market grew from $103 billion to $134 billion, that is, by 30%.
The reasons are both global, such as falling investors' interest in classic assets on world markets, and private ones, such as news on the closing of the short position, which was opened a year ago by a well-known crypto trader Mark Doe. There may be called a lot of reasons, but the main question that worries the whole crypto community is whether this weekly increase is not a short-term correction. Or is it, which is even worse, another trap, arranged by bears for the bulls?
Whatever it may be, but at the end of the week, Bitcoin buyers met strong resistance at $4,300, resulting in this cryptocurrency's fall to $4,000. And other digital assets slipped a little as well, following it.


As for the forecasts, it should be noted an error is quite often not in defining targets, but in determining the timing of their achievement. This is especially true of the coming days. The past week was the last full trading week in the past year. Next week, trading will begin only on Wednesday, December 26, and the world will celebrate the New Year during the night of Monday, December 31, to Tuesday, January 1. That is why this time we decided to discuss experts' opinions not only for the upcoming week, but also for the next month, which we hope will help traders in more accurate determination of trends and benchmarks.

- EUR/USD. The weekly forecast looks like this: 40% are for the fall of the pair, 30% are for its growth and 30% have taken a neutral position. Forecast for January: 60% are for the fall, 20% are for the lateral trend and only 20% are for the strengthening of the European currency. The main targets for bears are 1.1300, 1.1265, then the December low at 1.1215. In the event of a breakthrough of this support, the pair may sink to the horizon of 1.1120 and even lower, down to the level of 1.0910. The main target for the bulls is the zone 1.1525-1.1625, after reaching which the euro will head for the heights of 1.1730 and 1.1815;

- GBP/USD. Here, experts also expect the dollar to strengthen during the month and, as a result, the pair will fall. For this, 60% have voted. Supports are 1.2605, 1.2525, 1.2475 and 1.2345. Resistances are at 1.2725, 1.2840 1.2925 and 1.3050;
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- USD/JPY. According to 55% of analysts (weekly forecast) and 65% (monthly forecast), the pair has already approached its local bottom, and now it is waiting for a rebound upwards. The goals are 112.30, 113.15, 113.70 and 114.20. The number of those who have voted for the side trend in this case is small - about 10%. The rest of the experts have given their preference to the bears, believing that the pair is waiting for a further fall. Supports 110.80, 109.85, 109.35 and 108.65;

- Cryptocurrencies. Despite their growth last week, the general mood in the crypto market is rather gloomy. More than 70% of analysts and market participants believe the current rise is purely speculative and they expect the downtrend to resume. They are still expecting bitcoin to fall to the strong zone, recorded in July-August 2018, $2,500-2,700. Moreover, such a fall may take from one to two months. The nearest support is in the $2,940-2.050 zone.
The bullish ambitions of the remaining 30% respondents look a bit more modest: they expect the BTC/USD pair to grow only to $4,800-5,200.


Roman Butko, NordFX


Notice: These materials should not be deemed a recommendation for investment or guidance for working on financial markets: they are for informative purposes only. Trading on financial markets is risky and can lead to a loss of money deposited.

#eurusd #gbpusd #usdjpy #usdchf #forex #forex_example #signals #forex #cryptocurrencies #bitcoin
Stan NordFX  
#171 Posted : Sunday, December 30, 2018 1:02:47 AM(UTC)
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2018 Financial Results and 2019 Forex Forecast



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What Happened: Year 2018

As usual, Deutsche Bank experts summed up the year at the end of December. And the results were just fantastic, with a negative connotation. 93% of all assets fell in comparison with January 2018, and this figure was the worst in the last 118 years, surpassing even 1920 with its 84%.
Experts say that the main reason for the recession was “extremely soft monetary policy,” which grew into a monetary tightening. Four US interest rate increases by the US Federal Reserve were enough to send most of the markets to a nose dove, which can turn into a prolonged recession. US President Donald Trump openly called Fed Chairman Jerome Powell and his colleagues insane, calling for an end to the rate hike. But, as it turned out, the President could not decree bankers, and on December 19, the Federal Open Market Committee (FOMC) raised the rate by another 0.25%. Moreover, it turned out that in 2019 only two members of this Committee see a rate of 2.5%, six see it at 2.75%, four at 3.25%, three at 3.30%, and two FOMC members would like it to be 3.6%!
The result is obvious: at the end of the year, everything that could fall, was falling on the market. The Dow Jones Industrial Average had the worst December since the Great Depression of the 1930s. As Bloomberg calculated, the collapse made 500 world richest people poorer by $ 511 billion, and Facebook founder Zuckerberg suffered the most, his fortune lost $23 billion.

As for the foreign exchange market, the beginning of 2018 was marked by a serious strengthening of the euro against the US dollar. At the peak, on February 16, the EUR/USD pair reached 1.2555. But then the difference in the monetary policy of the Fed and the ECB, the difficulties with the Brexit agreement, the Italian problems and the slowdown in the Eurozone economy as a whole, played into the dollar, and the pair went down, reaching the bottom at 1.1215 in mid-November.

GBP/USD experienced similar fluctuations. It reached the maximum value of 1.4375 on April 17, and the minimum was recorded on December 12, when the pair fell to 1.2475, losing 1,900 points in eight months.

As for the Japanese yen, investors viewed it mainly as a safe haven in case of acceleration of trade wars between the USA and China. However, since no special changes were observed on this front, the USD/JPY pair met the end of the year near the Pivot Point of the last two years in the 111.00 zone. Thus, compared to the beginning of 2018. the pair lost only about 200 points.


What will Happen: Year 2019

According to a number of analysts, everything that happened in the outgoing year is only the beginning of a common prolonged depression. First of all, the forecast concerns the United States, where the yield on two-year Treasury bonds has already decreased, and the yield on similar ten-year securities has fallen to a seven-month low, which is considered a sign of recession.
The situation in the Eurozone looks somewhat better, despite the fact that the ECB has revised its forecasts for inflation and economic growth downward. The past year has shown that the trade wars unleashed by Trump are not so terrible for the Old World as was previously assumed. However, both the European currency and the British pound continue to be influenced by the problems associated with Brexit.
On the other hand, the end of the 90-day truce between the United States and China will soon come up, which introduces additional uncertainty about the dollar exchange rate.
In the meantime, the forecasts given by strategists from leading world banks and agencies, for the most part, look quite similar.

Blomberg bases its forecast on the positive dynamics of European exports, improved situation in the German automotive industry and accelerated growth of average wages. All this may lead to the normalization of the monetary policy of the Eurozone and the growth of the euro to the level of $1.20 by the end of the year.

Morgan Stanley also expects the year 2019 to be difficult for the dollar and recommends its sale against the euro amid the forecast for inflation in the Eurozone. The immediate target for the EUR/USD pair is in the $1.18 zone.

It should be noted that, for the most part, analysts make very optimistic forecasts for the euro for the next 3-month period. Societe Generale and CIBC Capital Markets point out at the level $1.17, TD Securities forecast is at $1.18, Unicredit at $1.19, and finally, Lloyds Bank has set a record bar of $1.24.

However, there are more cautious views. Thus, Citi experts believe that the European currency has not yet reached its bottom, and by the end of the I quarter of 2019. it may drop to $1.13, and only then it will go up, reaching the mark at $1.18 in the second half of the year. The Barclays Capital expect a fall to $1.12 by March 31, and for ING Group forecasts, the bottom may be at the level of $1.11.

JPMorgan Chase analysts also believe that the US economy will experience a recession in 2019, as Trump's fiscal stimulus will run out, and the Fed’s monetary policy will no longer provide cheap money. Thus, the growth rate of the Eurozone economy will come out ahead, and the euro will start to grow on expectations of higher interest rates from the ECB, but this will happen only in the second half of 2019.
In numbers, the forecast looks like this: falling to $1.11 in the first quarter and rising to $1.18 by the end of the fourth quarter of 2019.

As for the GBP/USD, the JPMorgan Chase forecast assumes the growth of the British currency to $1.30 in the first quarter and to $1.37 by the end of the year, provided that Brexit is quiet (40% probability). In the absence of an Agreement on the terms of leaving the EU, the pound sterling will fall by 10%, and in the case of Brexit cancellation, on the contrary, it will grow by 10%.

Concerning the future, the yen forecast is negative. So, the pair JPY/USD in the first half of 2019. expects growth first to the level of 112 yen per dollar, and then to the values of 2016. at 118.00. Experts explain the possible weakening of the Japanese currency by an increase in foreign investment by Japanese companies and a worsening trade balance. Spreads are also expected to increase on the rates, which will adversely affect the yen rate.

Similar trends are predicted by Citi strategists. In their opinion, the GBP/USD is expected to grow to 1.26-1.30, and JPY/USD - to 113.00-115.00.


John Gordon, NordFX


Notice: These materials should not be deemed a recommendation for investment or guidance for working on financial markets: they are for informative purposes only. Trading on financial markets is risky and can lead to a loss of money deposited.

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Stan NordFX  
#172 Posted : Sunday, January 06, 2019 12:53:52 AM(UTC)
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Forex Forecast and Cryptocurrencies Forecast for January 7 - 11, 2019



For starter, a few words about the events of the past week, the first working day of which gave unpleasant surprises, which for some were quite pleasant.

- Not having recovered after the New Year celebration, in the morning of January 2, the pair EUR/USD made a sharp dash to the south, losing almost 200 points in a day. Then, however, everything returned to normal, and the pair quickly returned to Pivot Point 1.1400, around which it has been revolving since October 2018. On Friday, January 5, using positive data from the US labor market, the dollar tried to regain the lost ground, but the attempt failed, and the pair ended the week at 1.1394.

- An even sharper jump from 2018 to 2019 was expecting the GBP/USD, which lost on January 2, due to increased demand for the dollar, more than 400 points. Then, just as in the case of the European currency, the excitement subsided, and the pair returned to the main support/resistance line of the last two months in the 1.2720 area;

- The forecast for the pair USD/JPY suggested the strengthening of the yen as a safe haven currency. But the fact that within only one hour on January 2 it would be able to win back 400 points from the dollar, that is, almost everything it had lost during the whole 2018, was almost impossible to foresee. The cause of the incident was a "festive" lack of liquidity in Japan, which was then eliminated. But the dollar could not fully recover, and the pair ended the trading week at 108.50;

- Cryptocurrencies. Against the background of the major currency pairs Bitcoin demonstrated a remarkable stability last week, keeping on to lateral movement in a narrow corridor of $3,775-4,100 and returned where it has repeatedly been in the last six weeks by Friday evening, to the level of $3,955. Following the example of the reference cryptocurrency, the Olympic calmness was shown by Litecoin (LTC/USD). But Ethereum and Ripple behaved somewhat more actively. Thus, the ETH/USD pair has grown by 12%, rising above the $160 mark, and the XRP/USD pair, on the contrary, lost 7%, although it could not break through the support of $0.3560.


As for the forecast for the coming week, summarizing the opinions of a number of analysts, as well as forecasts made on the basis of a variety of methods of technical and graphical analysis, we can say the following:

- EUR/USD. Both trend indicators and oscillators on H4 and D1 have taken a neutral position. The opinions of the experts are divided as follows: 20% have voted for the growth of the pair, 40% are for the sideways trend and 40% are for the strengthening of the dollar and the fall of the pair.
It should be noted that in the transition from the weekly to monthly forecast, the number of supporters of strengthening the US currency rises to 65%. Graphical analysis on D1 also indicates a possible decrease of the pair to December lows in the 1.1215 zone. The nearest strong support area is 1.1305.
As for the “bullish” scenario, according to its supporters, the dollar will continue to be pressured by political uncertainty in the United States. The nearest strong resistance zone is 1.1485-1.1500, in case of its breakthrough, the next target for the bulls will be consolidation in the zone 1.1550-1.1625.
Among the economic events that could affect the formation of dollar pairs, one should pay attention to the US FOMC protocol, which will be published on Wednesday evening, January 9, the ECB meeting on Thursday, January 10, as well as data on inflation in the United States, which will be released at the very end of the week, on Friday, January 11;

- GBP/USD. Here, of particular interest are the speech of the head of the Bank of England, Mark Kearney on January 9, as well as data on UK GDP, published on January 11. However, in both cases, one should not expect any special surprises, and the uncertainty associated with the British exit from the EU will continue to be decisive for the British pound exchange rate. That is why 65% of experts predict a further fall of the pound. According to them, with the support of graphical analysis on D1, the pair will first test support 1.2615 once again and, if successful, will move to the zone 1.2475-1.2525. It is unlikely to achieve the low of the first week of January in the 1.2400 zone in the upcoming week.
20% of analysts are in favor of the GBP/USD sideways trend, and only 15% have sided with the bulls, suggesting movement of the pair in the corridor 1.2715-1.2835. The next resistance is 1.2925.
At the time of writing the forecast, about 90% of indicators sided with the bulls. However, most likely, this is only a consequence of the upward movement of the pair on January 3-5. Moreover, 10% of the oscillators have already signaled that it is overbought, which indicates a possible reversal of the pair to the south.
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- USD/JPY. About half of the indicators are red and half are green. As for the opinions of analysts, 70% of them predict a decline of the pair to the level of 107.00, and then another 100 points lower. So far, only 30% of experts have voted for the growth of the pair, but in the medium term, the number of supporters of strengthening the dollar doubles. The main goal for the bulls is to return to the zone 112.25-113.80. The nearest resistance levels are 109.45, 110.25 and 111.15;

- Cryptocurrencies. The behavior of BTC/USD does not give reasons for optimism or pessimism. Therefore, the experts' opinions are divided almost equally: 30% are for the growth of Bitcoin, 30% are for its fall and 40% are for the continuation of the sideways trend. At the same time, the total capitalization of the crypto market is at the level of the end of December last year, around $130 billion, which also does not allow for making any predictions. Although some experts, based on the cyclical nature of the growth and the fall of quotations, argue that the first quarter of 2019 will be on the side of buyers, and expect the pair to rise to $4,800-5,200. The alternative scenario: the end of the correction and the fall of BTC/USD to the strong zone, recorded as early as July-August 2018: $2,500-2,700. Moreover, such a fall may take from one to two months. The nearest support is in the $2,940-3.050 zone.


Roman Butko, NordFX


Notice: These materials should not be deemed a recommendation for investment or guidance for working on financial markets: they are for informative purposes only. Trading on financial markets is risky and can lead to a loss of money deposited.

#eurusd #gbpusd #usdjpy #usdchf #forex #forex_example #signals #forex #cryptocurrencies #bitcoin
Stan NordFX  
#173 Posted : Thursday, January 10, 2019 2:18:42 AM(UTC)
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In Recognition of a Successful 2018, NordFX Receives Three More Prestigious Awards



The results of the annual voting were published on the website of the International Association of Forex Traders IAFT Awards at the very beginning of the new year 2019. The voting was held for the seventh time, and according to its results a list of the most popular financial market companies in 2018 was formed. More than 200 companies struggled to win, and only 23 of them received the highest award: a victory in a nomination and a title of market leader. Among them is the brokerage company NordFX, which has won in the nomination “Best Broker in Asia” with a large difference.

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Two more good pieces of news have been brought by the Market Leader magazine, which has published the results of the Expert Council of the MasterForex-V Academy voting. The administration and professional traders of the Academy evaluate the real results of financial organizations throughout the year, and at the end of the year they sum up the final results. According to the chairman of the contest jury, the rating of MasterForex-V Expo, which is compiled on the basis of two dozen criteria, is an Expo during which the best brokers are objectively presented. And thus in 2018, for the fourth year in a row, NordFX receives the Grand Prix and the title “World Best Broker”.

The company scored most votes on a variety of criteria, including the best dealing quality, the best innovations, the best investment products and funds, and a number of other equally important parameters. Suffice it to say that about 55% of the Academy's traders have opened their trading accounts in NordFX.

The company has received another award from MasterForex-V Expo in the nomination “Best Crypto Broker 2018” for creating unique trading conditions that enable traders to achieve best results when trading in the cryptocurrency market.

We sincerely thank everyone who has given us their votes, and we understand that these awards are not only a proof of the company's success in the past, but also oblige us to make every possible effort to justify your trust in the present and in the future.

#nordfx #cryptocurrency #forex #exchange #broker #funds
Stan NordFX  
#174 Posted : Sunday, January 13, 2019 3:57:34 AM(UTC)
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Forex Forecast and Cryptocurrencies Forecast for January 14 - 18, 2019



First, a review of last week’s events:

- EUR/USD. On Wednesday, January 9, after repeated attempts, the pair managed to break through the upper limit of the mid-term side channel in which it was located, starting from November 2018. Having overcome the resistance in the area of 1.1500, it reached the height of 1.1570, after which the followed by a trend reversal, and the pair once again found itself within the above channel, ending the week at 1.1470.
The weakening of the dollar was influenced by a number of factors: the unplanned “holidays” of the US Government, a very cautious, “pigeon”, speech of Fed Chairman Jerome Powell at the Economic Club meeting in Washington, where he pronounced the word “patience” five times. But the main factor, according to many experts, was the active strengthening of the Chinese yuan before the expected signing of a trade agreement with the United States;

- GBP/USD . Recall that only 15% of analysts sided with the bulls last week. But they were right. Unclear prospects for the dollar outweighed the concerns associated with Brexit. The pound was supported by positive UK GDP data released on Friday, January 11th. As a result, the pair rose by almost 150 points, reaching the height of 1.2865, after which a slight rebound followed, and the quotes dropped to the zone of 1.2840;

- USD/JPY. After the “New Year storm,” caused by the lack of liquidity, the Japanese currency is complete calm, moving in a fairly narrow side corridor within 107.75-109.10. The pair met the end of the week in the same place where it started , near the Pivot Point 108.50. The reason for this is the emerging balance between the attractiveness of the yen as a safe-haven currency and the growing interest in other currencies that can bring grat profits if a trade deal is concluded between the US and China;

- Cryptocurrencies. Our review is fundamentally different from other reviews in that it is not an opinion of one particular analyst. In our analysis, we strive to collect as many opinions of various experts as possible so that, getting rid of harmful “noises”, we can identify the main trend that determines the movement of the pairs in one direction or another. However, it can be very difficult, as, for example, now, for cryptocurrencies.
Some experts consider the decline of the main crypto pairs last week as the end of the positive correction that started in mid-December 2018, and a return to the negative dynamics of the market. And someone, on the contrary, see it as a post-holiday syndrome, at the end of which the quotes will again rush up.
Whatever it may be, the crypto market's capitalization fell from $138 billion on January 6 to $123 billion on Friday January 11, having lost almost 11%. The quotes of major cryptocurrencies, Bitcoin, Litecoin, Ethereum, Ripple, and many other, also fell. Thus, the pair BTC/USD is traded near the three-week low in the $3,700 zone.
The reasons for the fall are the fact that investors, hoping for a festive gap, disappointed, are now closing their positions, and the fact that about 40,000 Ethereum coins have been stolen from Gate.io exchange. The news about the failure of the Japanese regulator FSA to launch ETF based on cryptocurrency might also add to the negative reasons. In general, there are many reasons, but the fact remains that all the main altcoins have moved to the red zone and are traded down, from 5% to 23%, as, say, ETH.


As for the forecast for the coming week, summarizing the opinions of a number of analysts, as well as forecasts made on the basis of a variety of methods of technical and graphical analysis, we can say the following:

- EUR/USD. As you know, the European currency has a strong correlation with oil and metals. And on the commodity market, we are now witnessing a positive trend, especially with regard to energy. The intentions of OPEC to completely remove the excess oil from the market should lead to a further increase in prices, which plays into the hands of the euro. The pause, taken by the Fed regarding the increase in lending rates for the US dollar, is worrying investors.
As a result, at the moment, 65% of analysts, supported by 90% of oscillators and 70% of trend indicators on D1, have voted for the rise the pair above the 1.1500 zone up and its growth, first to the height of 1.1550 and then to the level of 1.1625.
The experts, who still remain loyal to the US currency, believe that, returning to the medium-term channel 1.1300-1.1500, it will not break out of it for a long time. And this is why the pair is expected to decline, first to its central line 1.1400, and then 100 points lower;
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- GBP/USD. It is clear that the absolute majority of indicators are currently colored green. However, already 10% of oscillators on D1 signal that this pair is overbought. The possibility of its falling to the horizon 1.2600 is indicated by graphical analysis on the daily time frame as well. As for experts, there is no clear advantage here either for bulls or bears. 55% of them have voted for the growth of the pair, and 45% are for its fall.
On Tuesday, January 15, the British Parliament will vote on Brexit. It is likely that the version of the agreement with the EU proposed by Prime Minister Teresa May will be rejected, and another delay is coming. At the same time, it is becoming more and more obvious that a tough divorce with the European Union is not included in the government’s plans, which positively affects the quotes of the British currency. The additional support for the pound is rendered by the rise in oil prices.
Until the results of the voting become known, there is no sense to make any predictions. One can only specify the key levels: support - 1.2780, 1.2720, 1.2660 and 1.2600, resistance - 1.2925 and 1.3050;

- USD/JPY. Indicators and graphical analysis on D1 predict a strengthening of the Japanese currency, with which 65% of experts agree, they expect the pair to decline to 107.50-107.80, and then even lower, to support 106.70.
On the other hand, due to low interest rates in Japan, the pair is quite strongly correlated with the major global stock indices. And the upward trend in this market implies a possible growth of the pair to the levels of 109.10 and 109.45, and in case of the breakdown of the latter, its transition to the zone of 110.25-110.80;

- Cryptocurrencies. Despite the fall in the crypto market capitalization, the average daily number of transactions with Bitcoin approached 280,000 over the last week, which is comparable to the peaks of 2018. Therefore, it is is hardly worth it to predict the end of the benchmark cryptocurrency, and indeed the entire market. But the probability of the BTC/USD breakout of support $3,700 and its return to the mid-December lows in the $3,250 zone remains quite high. This scenario is supported by 45% of experts.
Most analysts believe that next week the pair will be able to stay in the three-week “speculative” zone of $3.685-4.385. However, they speak very cautiously about the rise to the level of $5,000 and only in the longer term.
The expectations for Ethereum are somewhat better. Experts expect that after the hard fork called Constantinople, the ETH/USD pair will go up.


Roman Butko, NordFX


Notice: These materials should not be deemed a recommendation for investment or guidance for working on financial markets: they are for informative purposes only. Trading on financial markets is risky and can lead to a loss of money deposited.

#eurusd #gbpusd #usdjpy #usdchf #forex #forex_example #signals #forex #cryptocurrencies #bitcoin
Stan NordFX  
#175 Posted : Sunday, January 20, 2019 12:40:06 AM(UTC)
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Forex Forecast and Cryptocurrencies Forecast for January 21 - 25, 2019



First, a review of last week’s events:

- EUR/USD. One of the scenarios suggested that the pair would return to the limits of the medium-term lateral channel 1.1300-1.1500, and its central line was called as the main target. It is this scenario that was brought to life. It was already on Tuesday, January 15, that the pair reached the horizon of 1.1400 and then moved along its length up to the weekend, making oscillations in a fairly narrow range. At the same time, the pair was under constant pressure, which allowed the bears to lower it to the level of 1.1360 by the end of the working week.
The euro is falling for a number of reasons: this is the weak economic indicators of the Eurozone (first of all, Germany), and the decline in export potential, and chaos with Brexit. At the same time, an active game to increase the British pound has been underway recently, which also did not benefit the European currency;

- GBP/USD. Against the background of talk about a possible postponement of the UK’s exit from the EU and even the possibility of a second referendum, the game to raise the pound after the failure of Prime Minister Theresa May during the Brexit vote was particularly well seen in pairs such as EUR/GBP and GBP/CHF. As for the pound against the US dollar, having fought off on Tuesday from the level of 1.2667, it managed to rise by more than 330 points by Thursday, reaching a symbolic height of 1.3000. After that, there followed a strong rebound, and the pair ended the week almost at the same place where it started, in the zone of 1.2870;

- USD/JPY. The balance that emerged a week ago between the attractiveness of the yen as a safe haven and investors' interest in riskier, but also more promising investments, shifted towards the latter. As a result, the pair quotes went up, and by the end of the week, 109.76 yen were already being paid for the dollar;

- Cryptocurrencies. Paraphrasing the name of a famous novel, one can say: "All Quiet on the Crypto Front" Among the positive news is the plans of the Thailand Stock Exchange to obtain a license for operations with digital assets. However, the timing of this initiative is not yet known. The Constantinople hard fork in the Ethereum network is postponed indefinitely until the elimination of vulnerabilities. In general, there reigns a complete uncertainty. Even the ETC tokens stolen from the Gate.io Exchange were for some reason returned back by the attackers without explaining the reasons for their action.
On this blurred news background, the pair BTC/USD is flat. At the same time, the range of its oscillations, starting from Wednesday, is continuously decreasing. Following Bitcoin, Litecoin, Ripple, and other top altcoins also moved to the lateral movement. And even Ethereum managed to partially recover the loss. As a result, the decline in the ETH/USD pair in seven days was only about 5%.


As for the forecast for the coming week, summarizing the opinions of a number of analysts, as well as forecasts made on the basis of a variety of methods of technical and graphical analysis, we can say the following:

- EUR/USD. Major investor concerns related to European currency have been listed above. However, not everything is so bad in Europe. Due to the low euro exchange rate, the PMI activity index no longer falls, and many factors point to the stabilization of the eurozone economy. In addition, the market is waiting for the promised ECB interest rate increase in early autumn 2019. As for the US dollar, here, on the contrary, the likelihood of another rate increase in the near term is practically nil. Further growth of the economy is also questionable. Experts believe that the political crisis and the current cessation of government work could lead to a fall in annual GDP of 0.5-0.75%.
All this allows 45% of analysts to talk about the possible strengthening of the euro and the upcoming trend change from bearish to bullish. The immediate goal is the central line of the two-month ascending channel in the 1.1450 zone, then the levels of 1.1500 and 1.1570. 15% of oscillators that give signals that the pair is oversold are in agreement with this scenario.
The remaining 85% of the oscillators, as well as 100% of the trend indicators on H4 and D1, are colored red. 55% of the experts Insist on the further decline of the pair as well. The support levels are 1.1300, 1.1270 and 1.1215.
The ECB decision on interest rates on Thursday, January 24 can be noted among the events of the upcoming week. However, with almost one hundred percent probability the rate will remain unchanged, and therefore this decision will not affect the quotes of the pair. Of much more interest is the speech of Prime Minister Theresa May at the Parliament of Great Britain, where she should announce her backup plan for leaving the country from the EU;
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- GBP/USD. Naturally, everything connected with Brexit directly affects the quotes of the pound. And here there are plenty of options for further developments, which makes the British currency a risky and unpredictable asset.
What is the probability of elections? Will the May government change to the Corbin government? How possible is the hard “divorce” scenario with the European Union? And will the timing of “divorce” be postponed in accordance with Article 50 of the EU Treaty? Is there any chance of a new referendum? And wouldn't this referendum be the reason for large-scale protests and riots?
Questions, questions, questions ... And the complete uncertainty, which is fertile ground for rumors and all sorts of speculations. In such circumstances, 40% of experts believe that the pair still has potential for growth, 40% are waiting for it to fall, and the remaining 20% advise to wait for greater clarity, carefully watching the developments.
Support is in zones 1.2800-1.2830 and 1.2615-1.2645. Resistance levels are 1.2920, 1.3000 and 1.3070;

- USD/JPY. Most experts (60%), in agreement with 90% of oscillators, expect the continuation of capital outflows towards riskier assets and a fall in the yen. In this case, the pair can rise to a height of 110.30, and then another 100 -130 points higher - to a strong support/resistance level of 2017-18. in the zone 111.55.
An alternative point of view is supported by 40% of analysts, graphical analysis on D1 and 10% of oscillators, signaling the pair is overbought. The main support levels are 109.00 and 107.75;

- Cryptocurrencies. For the whole past week, the BTC/USD pair was trading in a very narrow range of $3,570-3,800. Very often, such a lull is a harbinger of strong price movements. 45% of analysts believe that the pair will try to break through the lower boundary of this channel, and, if successful, it is expected to decline to the lows of 2018 in the zone of $3,200-3,250. A bit more experts (55%), on the contrary, expect a rebound upwards. The goal is to return the pair to $3,850-4,215. The reason for this optimism is a certain increase in the capitalization of the crypto market, which, compared with January 13, increased by about 5%, approaching the mark of $130 billion.


Roman Butko, NordFX


Notice: These materials should not be deemed a recommendation for investment or guidance for working on financial markets: they are for informative purposes only. Trading on financial markets is risky and can lead to a loss of money deposited.

#eurusd #gbpusd #usdjpy #usdchf #forex #forex_example #signals #forex #cryptocurrencies #bitcoin
Stan NordFX  
#176 Posted : Sunday, January 27, 2019 10:26:13 PM(UTC)
Stan NordFX


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Forex Forecast and Cryptocurrencies Forecast for January 28 - February 01, 2019



First, a review of last week’s events:

- EUR/USD. "The "pigeon" rhetoric of ECB Head Mario Draghi during his speech on Thursday January 24 for some time knocked over the pair to the lower border of the medium-term side channel 1.1300-1.1500. However, the bears' joy turned out to be short - lived: having visited the level of 1.1289, the pair turned around and returned to the channel center line, at the 1.1400 zone, by Friday evening. Which is understandable: on closer examination, Draghi didn't say anything special. Noting some strengthening of the labor market and reduction of risks for the Eurozone economy, the head of the ECB said that there was no point in holding a new QE now. At the same time, the time frame for the first raising of the interest rate on the euro remains unchanged.
As for the dollar, the situation is reversed. The latest publication in The Wall Street Journal has strengthened investors' opinion that the US Federal Reserve will soon complete a cycle of tightening monetary policy, and this will happen earlier than analysts had expected;

- GBP/USD. The pound is growing along with the hope of a "soft" version of Brexit. Rumors on this have been warmed up by an article in the British tabloid The Sun with an unconfirmed (!)information that the Democratic Unionist Party can support Theresa May ’s initial deal if changes are made there as for the special terms for Ireland. There are also persisting rumors about a possible long delay in the deal with the EU on the basis of Article 50. The voting in the Parliament of Great Britain on Tuesday, January 29 will show if they are founded. In the meantime, the pound shows steady growth against all major currencies, including the euro, yen and dollar. Having broken through the horizons of 1.3000 and 1.3100, by the end of Friday, January 25, the GBP/USD reached the height of 1.3200, adding more than 300 points a week;

- USD/JPY. Despite the fact that the risk appetites of investors continue to grow, the Japanese currency has stopped falling. The pair moved to a sideways movement in a narrow corridor 109.14-110.00 and ended the week almost in the middle of this corridor, in the zone 109.50;

- Cryptocurrencies. The lull in this market continues, capitalization is not growing, and the major coins rates are showing a sideways trend. Neither criticism from JP Morgan analysts, nor criticism from a number of participants in the World Economic Forum in Davos, who had already completely buried Bitcoin, or the withdrawal of Bitcoin-ETF from the Chicago CBOE exchange, could affect it . The pair BTC/USD could not get out of the corridor of $3,570-3,800. Attempts to break it both up or down ended in failure. In the first case, the pair managed to reach the height of 3.870, in the second - go down to the horizon of 3.460, but eventually returned to the center of the corridor in the region of $3,580-3,675.


As for the forecast for the coming week, summarizing the opinions of a number of analysts, as well as forecasts made on the basis of a variety of methods of technical and graphical analysis, we can say the following:

- EUR/USD. The rates of dollar pairs in the near future will certainly be affected by news of trade negotiations with China, which will be held on January 30-31 in Washington, and which have quite a lot of chances for success. In addition, statistics for the US labor market will appear on February 1. However, Trump's economic adviser Larry Cudlow has already “leaked” the information that indicators such as NFP will increase greatly, given a very small number of applications for unemployment benefits.
In addition, on Thursday, January 31, Eurozone GDP data will be published, which are likely to be disappointing.
All this can strengthen the US currency, which is agreed by 60% of experts, expecting the EUR/USD pair to fall, first to the lower border of the medium-term channel 1.1300, and then even lower, to support 1.1270 and 1.1215.
On the other hand, as has already been said, the market has intensified expectations that the tightening of US monetary policy will be phased out. That is why on January 30, special attention should be paid not so much to the Fed's decision on the interest rate (this time it is likely to remain at 2.5%), but rather to the comments of the Fed management on the plans for 2019. And if the information on the number of upcoming rate increases will disappoint investors, we can expect a decline in the dollar, which could turn into a long-term trend. In this case, according to 40% of analysts, the EUR/USD in the near future can break through the upper limit of the channel 1.1500 and reach the level of 1.1580.
And of course, we must not forget about the vote in the British Parliament on Brexit;

- GBP/USD. So, on Tuesday, January 29, Prime Minister Theresa May should announce her alternate plan for leaving the EU in the British Parliament. Some versions of this have already been mentioned in the first part of this forecast. The Labor opposition cannot decide what to do, and this reduces the likelihood of a second referendum or re-election. And the Telegraph is discussing as much as five amendments, which can be put to a vote.
We will know only on Tuesday how the parliamentarians voted. As for our experts, their votes are distributed as follows: 50% expect the pair to fall, 40% see its growth, and 10% are undecided. Supports are at the levels of 1.3070, 1.2900, 1.2820, 1.2700 and 1.26 60. Resistance levels are 1.3250, 1.3300, 1.3360 and 1.3555;

- USD/JPY. Unlike the British Parliament, there are no surprises to be expected from the Bank of Japan’s monetary policy committee meeting on January 28. The rate of the pair may be much stronger affect ed by the information from the United States. This and the information regarding the increase in interest rates on the dollar, and the success or failure in the US-China negotiations January 30-31. If both sides come to a consensus, and it is quite likely, since Trump is in great need, the American stock market will go up. In this case, the rate may rise above 110 yen for 1 dollar. 70% of analysts, supported by graphical analysis on D1, indicate a strong level of 2017–18 in the zone 111.55 as the main target.
An alternative point of view is held by 30% of experts and 15% of oscillators on D1, which give signals that the pair is overbought. In the case of its downward movement, supports are located at horizons 109.15,108.70 and 107.75.
UserPostedImage


- Cryptocurrencies. The sluggish reaction to the news, which a year ago would have caused fluctuations in quotations in the tens or even hundreds of percent, suggests that the digital currency market is increasingly beginning to resemble Forex. This is facilitated not only by the “water tub”, which has cooled the heat of the most ardent crypto fans, but also by the increased attention from regulators. This time, the Bank of England has attended for the protection of investors, who gathered to classify cryptocurrencies, having divided them into three categories and subordinating to the current legislation.
We think that in the near future we should not expect the arrival of large institutional investors, which their smaller colleagues so much hoped for. The “whales” do not have any goals to earn quick profits, and they will wait until the market situation is completely clear, and the risks from such speculations become the lowest. And such an expectation can last for years and even decades.
In the meantime, as already mentioned, the major coins are in a side trend. However, it is impossible not to notice the persistent pressure from the bears. For example, the Pivot line, around which the BTC/USD has fluctuated over the last two weeks, has dropped by 20 points, the ripple (XRP/USD) has fallen by about 5%, and the Ethereum (ETH/USD) - by 8%. Of course, it is a trifle for crypto pairs, but, perhaps, it is an indicator of the direction of the coming breakthrough.
The overwhelming majority (70%) of experts believe that bitcoin will finally yield to such pressure and will decrease first to the 2018 lows in the $3,200-3,250 zone, and then rush to support at $2,400.
10% of analysts have voted for the continuation of the side trend, and 20% are hoping for the pair to grow and return to the $3,850-4,215 zone.


Roman Butko, NordFX


Notice: These materials should not be deemed a recommendation for investment or guidance for working on financial markets: they are for informative purposes only. Trading on financial markets is risky and can lead to a loss of money deposited.

#eurusd #gbpusd #usdjpy #usdchf #forex #forex_example #signals #forex #cryptocurrencies #bitcoin
Stan NordFX  
#177 Posted : Monday, February 04, 2019 1:13:55 AM(UTC)
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Forex Forecast and Cryptocurrencies Forecast for February 04 - 08, 2019



First, a review of last week’s events:

- EUR/USD. In general, the week has not brought any surprises. No one had expected a rate increase at this FOMC meeting, but investors had been worried about the comments of the Fed management on plans for 2019. And here their forebodings about the “pigeon” comments were fully justified. Instead of specific promises, the regulator spoke about the fact that the decision to further rate increase should take into account global economic factors and be extremely balanced. Thus, the uncertainty caused a sharp sell-off of the dollar, as a result of which the pair soared to the upper border of the medium-term lateral channel 1.1300-1.1500. However, then the situation calmed down, and the pair turned to the south.
Another expected event was the publication of the US labor market data on Friday, February 01. The statistics really turned out to be extremely positive. Thus, NFP grew by 37% compared with the previous month (from 222K to 304K), and the ISM business activity index rose from 54.3 to 56.6. But this did not come as a surprise either thanks to Trump's economic adviser Larry Kudlow, who, as we wrote in the previous review, “leaked” this information long before the official publication. As a result, the market reaction was limited to insignificant fluctuations within 40 points, after which the pair completed the week at the level of 1.1455;

- GBP/USD. The next meeting of the UK Parliament on Brexit has not added any clarity to the process of divorce from the European Union. As a result, the pound lost about 160 points in the first half of the week, and then moved into a sideways trend, making fluctuations in the range of 1.3050-1.3150, and finished the week at the level of 1.3075;

- USD/JPY. Like the rest of the dollar pairs, the USD/JPY responded to the Fed's comment with the US currency dropping to 108.50. However, then, taking advantage of the positive dynamics in the US labor market, the dollar won back the losses, and the pair returned by the end of the week to where it had begun, to 109.50;

- Cryptocurrencies. It was noted In the previous forecast that the major coins are in a side trend, constantly experiencing pressure from bears. 70% of experts had supported the scenario according to which Bitcoin was supposed to yield to such pressure and gradually decrease to 2018 lows. The past week confirmed the validity of such expectations. On Tuesday, February 29, the benchmark cryptocurrency fixed a local minimum at $3,425, after which the rebound followed, and the pair saw February in the $3,500 zone. As for the capitalization of the crypto market as a whole, it “dried out” by 5.5% over the week, dropping to $113.6 billion.


As for the forecast for the coming week, summarizing the opinions of a number of analysts, as well as forecasts made on the basis of a variety of methods of technical and graphical analysis, we can say the following:

- EUR/USD. There appears a hope for a trade deal with China, siding with the dollar. On January 31, another round of negotiations on this topic ended in Washington. And as analysts say, progress in the negotiation process cost both sides a lot of effort. The American negotiators showed an obvious desire to succeed, because President Trump is now in dire need of something positive. However, the industrial espionage accusations made by the Americans against Huawei Technologies Co. somewhat overshadowed the optimistic picture drawn by the parties. The next round of talks is to be held in Beijing in mid-February.
The counterbalance to the successful negotiations, as already mentioned above, was made by the US Federal Reserve, who doubted the need for another increase in the interest rate. And if in the medium term, 60% of analysts are still waiting for the dollar to strengthen, this week the majority (70%) sided with the euro. In their opinion, which is supported by approximately 80% of the oscillators and trend indicators on D1, the EUR/USD will once again try to break through the upper limit of the medium-term side channel 1.1300-1.1500 and gain a foothold in the area of 1.1500-1.1570. The next target is the height of 1.1625.
The alternative scenario has been supported by 30% of experts, graphical analysis on H4 and about 20% of oscillators, giving signals that the pair is overbought. In this case, the pair, having failed to break through the key level of 1.1500, will be located in the side corridor 1.1400-1.1500 for some time. And if there is positive news for the dollar, it will make an attempt to reach support on the horizon of 1.1300;

- GBP/USD. Thursday, February 7 will see a decision of the Bank of England on the interest rate, which is likely to remain unchanged, at the level of 0.75%. Investors are Much more concerned about the situation with Brexit, but there is no clarity here. Moreover, the likelihood of a British exit from the EU without a deal has begun to grow again. That is why 65% of analysts predict a decline of the pair first to the level of 1.2930, and then another 100 points lower.
As for the indicators, about 40% of them are colored red on H4, 40% are green and 20% are neutral gray. Although, on D1 the green color dominates: 60% versus 30% red and 10% gray. The nearest resistance is 1.3215, then 1.3250 and 1.3300;

- USD/JPY. Certain surprises can be expected from this pair in the near future, and the reason is oriental New Year. Traditionally this time is not only for summarizing financial results, but also for active actions by the Bank of Japan, which for several years in a row begins to buy and sell large amounts of currency at this moment. Such interventions can cause a jump of several hundred points, and at the moment most analysts (70%), supported by graphical analysis on D1, expect the pair to first fall to 108.00-108.55, and then return to the horizon 110.00. At the same time, about 60% of experts believe that the pair will not stop at what has been achieved and can reach resistance at the level of 111.70 within a month;
UserPostedImage


- Cryptocurrencies. Experts and investors can now be divided into two groups. The first group believes that the current lull is the lull before the storm. The second one thinks is that it is a lull before ... even more calm. Andy Bromberg, the head of CoinList crypto exchange, has sided with the latter. , having said in his interview to Yahoo Finance that the situation in the market will be calm as all the necessary instruments have been created already and the companies will focus not on speculations but on innovations and product development.
This scenario is also supported by the report of Circle Research, according to which, despite the fact that direct investment in digital currencies decreased 8.5 times over the year, investments in blockchain companies, on the contrary, increased 3 times and exceeded $5 billion.
As for the forecast for the next few weeks, 70% of experts still believe that Bitcoin should decline to the 2018 lows in the zone of $3,200-3,250, and then rush to support at $ 2,400. The remaining 30% of analysts do not exclude a short-term growth of the BTC/USD pair to $3,700-3,850, and possibly even higher, to the height of 4.215.


Roman Butko, NordFX


Notice: These materials should not be deemed a recommendation for investment or guidance for working on financial markets: they are for informative purposes only. Trading on financial markets is risky and can lead to a loss of money deposited.

#eurusd #gbpusd #usdjpy #usdchf #forex #forex_example #signals #forex #cryptocurrencies #bitcoin
Stan NordFX  
#178 Posted : Sunday, February 10, 2019 12:28:20 AM(UTC)
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Forex Forecast and Cryptocurrencies Forecast for February 11 - 15, 2019



First, a review of last week’s events:

- EUR/USD. One of the development scenarios, supported, however, by only 30% of experts, suggested a decline of the pair to the lower border of the medium-term side channel 1.1300-1.1500. This is what happened: having lost about 130 points, the pair recorded the week low at the level of 1.1320.
The reason for the strengthening of the dollar and, as a result, for the fall of the pair, was the growth of anti-risk sentiment due to increased pessimism in resolving the US-China trade conflict and not the most favorable expectations for economic growth in the Eurozone. Thus, the European Commission, talking about "significant risks", has substantially lowered its forecast for the GDP growth from 1.9% to 1.3% in 2019 and from 1.7% to 1.6% in 2020. Such an adjustment has significantly pressured the euro, making the market understand that it is not worth expecting an increase in interest rates this year;

- GBP/USD. In unison with the European Commission, the Bank of England also declared that its previous forecasts were too optimistic, and the lack of clarity with Brexit is a burden for the country's economy. The Bank specialists expect the growth rate to be the lowest in the last 10 years, as a result of which the UK GDP forecast for 2019 has been lowered from 1.7% to 1.2%.
The pound sank sharply on this negative news and, as 65% of the experts had expected, the pair reached 1.2850. Then it rose a little against the background of an article about possible progress in negotiations on the British exit from the EU and special conditions for Ireland, and then sank again and completed the five-day period at 1.2940;

- USD/JPY. The majority of analysts (70%), supported by graphical analysis on D1, had expected strong fluctuations of the rate and the fall of the pair to the zone 108.00-108.55, after which it should return to the horizon 110.00. However, contrary to forecasts, the pair behaved very calmly, and the maximum amplitude of its oscillations did not exceed 60 points. For the third week in a row, time after time, the pair returns to the zone of 109.55-110.0 0. This time again, starting the week session at the level of 109.55, the pair completed it at the level of 109.75;

- Cryptocurrencies. We divided the experts into two groups last week. The first is those who believe that the current calm is the calm before the storm. The second one thinks is that it is a lull before ... even more calm. All week, Bitcoin quotes were falling smoothly and quietly, reaching a low of $3,400 on Wednesday, February 6. Then a very sluggish “side” followed, and Friday afternoon it “jerked”: the BTC/USD rushed up, in a matter of hours adding about 12% and reaching the level of $3,800.
Is this a precursor of a storm? If you look at the graph H1, of course it is. However, everything is not so impressive on the daily timeframe: the pair has just returned to the consolidation line (or Pivot Point), along which it has been moving for 11 weeks already, starting from the end of November 2018.
The reason for the growth was an interview fragment published in Tweeter of one of the four SEC commissioners, Robert Jackson, who said that the US Securities and Exchange Commission may still allow the launch of Bitcoin-ETF funds.
Following Bitcoin (BTC/USD), the rest of the top cryptocurrencies went up. The greatest growth was demonstrated by Litecoin (LTC/USD), adding at its maximum 40% and reaching the price of $46.0 0. Ethereum rose to the level of $124.70, and Ripple (XRP/USD) reached a height of $0.3250.


As for the forecast for the coming week, summarizing the opinions of a number of analysts, as well as forecasts made on the basis of a variety of methods of technical and graphical analysis, we can say the following:

- EUR/USD. It is clear that after the week-long rally to the south, most of the indicators are colored red. However, already 25% of oscillators on both H4 and D1 give signals the pair being oversold, which means at least an upcoming strong correction, if not a complete reversal of the trend.
A graphical analysis for the next five days draws lateral movement in the range of 1.1285-1.1400, after which the pair should return to the upper boundary of the medium-term channel in the 1.1500 zone by the end of the month.
The expert community has not yet decided: 50% expect the pair to fall, 50% see its growth, which is due to the lack of any clarity both on Brexit and on the US-China negotiations. In addition, the events of the coming week can make their own adjustments. here we should bear in mind the publication of data on GDP of Germany and the EU on Thursday, February 14, as well as on inflation and retail sales in the US on February 13 and 14.
Also, on Tuesday, February 12, the market will look for signals from the head of the Federal Reserve J. Powell regarding a possible increase in interest rates. Meanwhile the level of recession expectations in the United States has risen to 20%, and it is possible that the issue of interest rates will be postponed until better times. EU and UK regulators are also constantly talking about the risks to economic growth, which should entail easing monetary policy.
According to many experts, this gives reason to think about buying stocks on the stock market, because slowing economic growth while maintaining cheap money can lead to an increase in their prices. Here it makes sense to pay attention to portfolio investments in shares of the most reliable and promising global companies that are offered to their clients by the brokerage company NordFX;

- GBP/USD. On Monday, February 11, data on GDP will be published, and on Wednesday, February 13, there will be data on inflation in the UK. Most likely, they will indicate a slowdown in the growth of the country's economy, as already mentioned above. Thus, according to forecasts, GDP growth will decline compared with the previous quarter from 0.6% to 0.2%. But, like many months in a row, news and rumors about Brexit will have a major impact on quotes.
There is another category of rumors, that some international companies are buying the British currency, which Bloomberg hinted at carefully, and this gives the pound some support.
At the moment, 60% of analysts have voted for the pound strengthening and rising of the pair to the horizon of 1.3040, and then another 80-100 points higher. The remaining 40% of experts, on the contrary, expect the pair to drop to at least the level of 1.2830. But the graphical analysis on H4 has taken a compromise position, indicating that the pair can first decline to the level of 1.2830, and only then go to growth, reaching the height of 1.3040;

- USD/JPY. The prevailing color is gray, that is, neutral, both with experts and indicators. The strengthening of the US dollar against major world currencies is on one side of the scale. On the other, there are increased risks of a slowdown in the global economy and another round of tension between the United States and China, which entails an increase in demand for a safe haven currency such as the Japanese yen. The pair managed to keep in a very narrow range of 109.55-110.15 for the whole week, which indicates the complete uncertainty of the market and does not allow to make any predictions for the moment;

- Cryptocurrencies. The full interview by SEC Commissioner Robert Jackson will be released this week and its content may both push the quotes further up or have the opposite effect. After all, whatever you say, but the Securities and Exchange Commission has almost 240 days to make a final decision on the application to launch Bitcoin-ETF, and during this time a lot can change.
In the meantime, experts call its movement in the $3,250-3,800 range as the main scenario for the BTC/USD. However, they do not exclude the short-term breakdown of the upper limit and the rise of the pair to the level of $4,000.
UserPostedImage



Roman Butko, NordFX


Notice: These materials should not be deemed a recommendation for investment or guidance for working on financial markets: they are for informative purposes only. Trading on financial markets is risky and can lead to a loss of money deposited.

#eurusd #gbpusd #usdjpy #usdchf #forex #forex_example #signals #forex #cryptocurrencies #bitcoin
Stan NordFX  
#179 Posted : Wednesday, February 13, 2019 1:42:16 AM(UTC)
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NordFX Offers CFD Trading Tools to Its Clients



We are glad to inform you that, starting from February 12, 2019, UKOIL.c (Crude Oil Brent CFD-contracts) and five CFD-indices have been added to the list of available trading instruments, including:
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Stan NordFX  
#180 Posted : Sunday, February 17, 2019 6:54:42 AM(UTC)
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Forex Forecast and Cryptocurrencies Forecast for February 18 - 22, 2019



First, a review of last week’s events:

- EUR/USD. Recall that the expert community was not able to form a more or less definite opinion on the movement of this pair last week. This was due to the lack of clarity on both Brexit and the US-China negotiations. In addition, analysts were waiting for the release of data on GDP in Germany and the EU, as well as inflation and retail sales in the US. And if Europe showed an expected growth of 1.2%, and Germany rose by 0.2% (from -0.2% to 0.0%), the data from the USA caused a strong alarm in the market. Retail sales fell by 1.2%, the maximum value in 10 years. As a result, the dollar index suspended growth and moved away from two-month highs.
The dollar has also stopped growing to the European currency. However, if we sum up the results of the whole five-day week, the victory nevertheless remained with the “American”: having started from the level of 1.1320, the pair finished the week at the level of 1.1295;

- GBP/USD. Pound is falling for the third week in a row. The problems associated with Brexit have been supplemented by poor macroeconomic indicators indicating a slowdown in the country's economy: the GDP growth has declined compared to the previous quarter from 0.6% to 0.2%, and the consumer price index fell by 0.3%. As a result, the pair recorded a weekly minimum at 1.2770 on Thursday.
Then the statistics on the US economy came out and turned the trend from south to north. As a result, the British pound was able to win back 115 points from the dollar and complete the week at 1.2885;

- USD/JPY. The Japanese currency was losing ground throughout the first half of the week, reaching the value of 111.12 yen per dollar. But then, against the background of the fall in the stock market due to the weak economic data from the United States and the US-China talks that once again reached a deadlock, the pair made a sharp reversal. Increased appetites for risk-free investments allowed the quotes to lower to the level of 110.25, after which a correction followed, and the pair froze at 110.45;

- Cryptocurrencies. Last week, answering the question of whether the Bitcoin jerk to the height of $3,800 could be considered a harbinger of a storm, we noticed that the pair had just returned to the consolidation line (or Pivot Point), along which it has been moving for 11 weeks, beginning in late November 2018. And we were right: the consolidation continued, and the pair kept in a very narrow side corridor of $3,630-3,750 for the whole, already the 12th, week.
The total capitalization of the crypto market has also remained almost unchanged. If it was at the level of $121.78 billion on Friday, February 9, after seven days it was equal to $120.16 billion. As for the top altcoins, in contrast to the reference cryptocurrency, they showed a somewhat greater volatility. So, for example, the fluctuations range of Litecoin (LTC/USD) was about 15%, and of Ripple (XRP/USD) - about 7%.


As for the forecast for the coming week, summarizing the opinions of a number of analysts, as well as forecasts made on the basis of a variety of methods of technical and graphical analysis, we can say the following:

- EUR/USD. Not the rosiest economic situation in Europe is on one side of the scale, on the other is the collapse of stock indices and trade wars in the United States. JP Morgan and Macroeconomic Advisers lower their forecasts for the US GDP growth. And BofA Merrill Lynch and Bloomberg raise their forecasts for the Eurozone. In their opinion, the zero growth of Germany’s GDP is a temporary factor, and in the case of the soft Brexit and improvements in the Chinese economy, Germany, together with the rest of Europe, will turn to sustainable economic growth. All this, together with the desire of the Fed to take a pause in monetary tightening, gives the market a reason to believe that the measures of the regulator are late, the recession in the US is not far off, and the balance will swing to Europe. In this case, the pressure on the dollar will increase. But this is for the future.
In the meantime, 70% of experts, supported by indicators on D1, expect the dollar to strengthen and the EUR/USD downtrend line to continue. The immediate goal is 1.1200. The following support is located in the zone 1.1085-1.1115.
The opposite opinion is held by 30% of analysts and graphical analysis on D1, who believe that problems in the US economy will force the dollar to lose ground in the near future. In this case, the pair will return to the limits of the medium-term corridor 1.1300-1.1500 and rush first to its central and then to the upper border;

- GBP/USD. The forecast for this pair for the coming week is similar to the forecast for the pair EUR/USD. Here, also, 70% of experts, along with 90% of oscillators and trend indicators on D1, expect the pair to fall, and 30%, along with graphical analysis, show its growth. The inevitably approaching hour of divorce from the EU under still incomprehensible conditions, sides with the former. The latter have those problems of the United States, about which much has already been said above, on their side. Support levels are 1.2830, 1.2715, 1.2655, resistances are 1.2925, 1.3000 and 1.3065;
UserPostedImage


- USD/JPY. If the US dollar feels good enough against the euro and the pound, this cannot be said about the confrontation with the yen. The positive dynamics of the Japanese currency as a safe haven may continue with a further deterioration in the global economic outlook and a decrease in risk appetites.
Experts' opinions have divided in half regarding the nearest future of the pair, but in the transition to the monthly forecast, 65% of analysts vote for the strengthening of the yen. The support levels for the pair are 110.00, 109.60, 109.10, 108.50. The resistance levels are 110.65, 111. 25, 112.30, 113.70;

- Cryptocurrencies. As analysts say, there are no fundamental factors explaining the Bitcoin jump to the height of $3,800. So, most likely, this upward impulse will not develop further. 65% of experts believe the most likely movement of the BTC/USD pair is in the range of 3,500-3,300 with a gradual decrease to the level of $3,000. The remaining 35% of analysts have an opposite point of view, expecting the pair to be able, at least for a while, to rise to the level of $4,000.



Roman Butko, NordFX


Notice: These materials should not be deemed a recommendation for investment or guidance for working on financial markets: they are for informative purposes only. Trading on financial markets is risky and can lead to a loss of money deposited.

#eurusd #gbpusd #usdjpy #usdchf #forex #forex_example #signals #forex #cryptocurrencies #bitcoin
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